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China
Cloud Network Xunlei Hit By Class Actions Over ICO
China-based cloud content delivery network Xunlei has been hit by two class action suits over alleged illegal ICO activity.

China's Cheetah Mobile Launches Cryptocurrency Wallet
Chinese mobile app company Cheetah Mobile has released an Android-based digital wallet for ethereum and bitcoin.

Samsung Is Now Building Bitcoin Mining Chips, Report Says
Samsung is manufacturing bitcoin mining chips in partnership with an unidentified Chinese firm, according to an Asian news report.

Bitcoin Exchange BTCC Just Got Acquired
Bitcoin services startup BTCC said it's been acquired by a Hong Kong-based blockchain investment fund. It did not name the buyer or reveal the price.

Chinese Finance Association Cautions on Overseas ICOs
China's National Internet Finance Association, a self-regulatory group, has warned against participating in overseas ICOs and cryptocurrency trading.

China's Banking Regulator Pushes Blockchain Adoption for Credit Market
China's banking regulator, the CBRC, thinks the country should double down on its adoption on blockchain technology to improve the credit market.

China Moves to Crack Down on Digital Currency Pyramid Schemes
China's public security ministry says it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.

PBoC Reportedly Orders Payment Services to Stop Serving Crypto Traders
The PBoC's Beijing division has reportedly issued a document requiring payment services to stop facilitating crypto trading activities.

PBoC Official Calls for Wider Ban on Chinese Crypto Trading: Report
The vice governor of China's central bank is reportedly seeking a wider ban on services related to cryptocurrency trading in the country.

Bitmain Reportedly Eyeing Canada for Bitcoin Mining Expansion
After announcing a Swiss branch, Chinese bitcoin mining giant Bitmain is reportedly looking at a second expansion into Quebec.
