Asia has at least three factors, besides market trends and a sizable population, to merit becoming the global hub for the web3 and cryptocurrency businesses.
More info abouth this:
https://crypto.news/cryptos-new-epicenter-asias-rising-influence/
As US legal concerns force enterprises eastward, Asia is emerging as the core of the cryptocurrency industry.
Numerous companies have begun to pull out and search for safer regions as a result of actions taken by US officials during 2023 that are generally unfavorable to the cryptocurrency industry. Asia is excited about this chance to develop into a more welcoming and lucrative web3 and cryptocurrency business hub for investors and industry participants.
In contrast, there has been a boom in advancements in Asia that are more welcoming of cryptocurrencies, according to Lennix Lai, Chief Commercial Officer of OKX, who made this statement during a panel discussion at Coinfest Asia 2023. He claims that the fact that Asia accounts for a sizable portion of the global bitcoin industry and user base supports this tendency.
