The Asian region is of great importance to the cryptocurrency industry. The key reason for this is the ability to mine Bitcoin, a significant part of which is concentrated in China. Bitmain, the world’s leading manufacturer of ASIC mining chips, is headquartered in Beijing, while the number of cryptocurrency companies located in Singapore and Hong Kong is unlikely to be countable. Asia has also taken the lead in nearly every activity related to cryptocurrency trading. The majority of large cryptocurrency exchanges such as Binance, OKEx, Huobi, Bitfinex, Kucoin, BitForex, and Liquid are located in the Asian region alongside influential investment
