For the last few days crypto updates getting attraction and people following the price rise that is between $9600 to $9700. Bitcoin and Alt Coins shows a high. It's observed that whenever the price goes higher there is a reason. The rise or downfall is not without any reason. This time the reason behind this rise is Libra faced criticism in U.S Congress and no chance to be approved soon. Secondly, the policy China adopted for blockchain.  

According to China Cryptography law

“Clear guidelines and regulations are needed to evaluate commercial cryptography technologies used in the major fields related to the national interest as the current ‘loose’ system is not suitable for the industry anymore”.

China’s President Said about crypto or blockchain

"We must take the Blockchain as an important breakthrough for independent innovation of core technologies. We must clarify the main direction, increase investment, focus on a number of key core technologies, and accelerate the development of Blockchain technology and industrial innovation. It would be necessary to implement the rule of law network into existing and future Blockchain systems. There should be a top-down approach concerning implementation and regulation. The testing of the tech should be widespread, including the investments in training platforms and innovation teams before implementation. We need to create Blockchain+, a platform alluding to personal development such as education, employment and food, and medicinal safety, among other basic needs”.