The Chinese are but the first - many other countries are going to be quickly following suit.
Correction on previous rant= BITE=ME=COINS are far more worthless than ENRON sTOCK. Enron had some hard assetts, provided some legit services, and actually generated REAL REVENUE. Bite-me-coins do NONE of that.
ANYBODY in the world can 'make' their own cryptotrash - the code is public.
Nemo - Hey, would you sell me one of your vehicles for a new crypto I am going to start distributing ? I'll give you 100,000 of the new coins, and set you up as a 'coin miner' so you can generate more of them for yourself.
THAT is exactly how bite=me-coin got started.
Finally, brethren, whatsoever things are true, whatsoever things are honest, whatsoever things are just, whatsoever things are pure, whatsoever things are lovely, whatsoever things are of good ...