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Why Middle Eastern and Asian countries are leading in crypto trading, exchanges and mining?!

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by COINS NEWS 81 Views

I noticed Asia and west Asia are generally more into crypto currency and mining compare to other regions of the world.

Also, cost of mining is relatively cheaper compare to other continents like Europe. For example countries like Iran, Oman, to some extend UAE, Hong Kong, Japan, Malaysia, Singapore, China and India are very much involve in crypto investment and mining. Yet, you don’t see this much effort and investment in countries outside Asia.

I know that it’s some sort of passive income for those countries and some of those countries (like Iran) use cryptos to evade sanctions, but what could be other reasons?!

Do you think future of crypto currency gonna be in Asia?!

submitted by /u/Ben_Pars
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