Newsflash of October 28th

Market Cap at 1:53 (UTC) — $248,790,346,443 billion

Bitcoin dominance: 67.9 %

BTC $9,370.07 (-0.65%)

ETH $183.22 (+0.62%)

XRP $0.297169 (+0.41%)

China passed encryption law

China recently passed a new cryptography law which will take effect on January 1st, 2020. Per the article, the new law will promote cryptography, data encryption, cyber security, etc to address the legal barriers.

UAE is seeking expert opinion on a drafted crypto resolution

UAE recently invited parties including brokers, investors, financial analysts, researchers, etc to review a drafted solution on crypto regulation and the guests will have to submit their opinions before the deadline which is October, 29th. Per the announcement, the drafted regulation has 28 articles and if passed, it will protect investors, set standards for crypto assets, market participants, prevent financial crimes, etc.

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