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.