Guess who want their own cryptocurrency?

[darexgeorgieviya04]

While people have heard of the news of China's crackdown of Bitcoin and other cryptocurrencies. According to them, there is too much fraud going around, but another story seems to be surfacing.

China does not want to stop cryptocurrencies but wants to able to have some control over it, and they are considering to create a Chinese cryptocurrency. They have created their own facebook, twitter, and youtube so why not cryptocurrency.

Apparently, China is not alone, India it seems is considering their own too.

So Are we looking at more cryptocurrencies and what would become of Bitcoin when these countries have their own cryptocurrencies?

[sashavich04]

Seems like. but the advantage they could have is that they would pay less fees and have easier transactions to other countries. ** fees are high and this way they could avoid some probably.