depends what you mean..

africa has more population than the EU,UK and US combined.
yep eu=450m, US 330m, uk 70m=850m
africa=1.2bill

many people in this topic have mentioned or atleast thought 'where is the lobbying to fight against regulation..'  well the main exchanges are not fighting against regulation. the main exchanges are already regulated because they handle fiat. and so regulating crypto is not a hurdle for them. infact they now see it as a benefit. as it stops new players becoming competitors by having a barrier of entry.
yep most exchanges want regulation because it 'legitimises' their operation and makes them have a corporate level of 'trust' in their custodianship while preventing new competitors from just swooping in and stealing their customers.
so if your wondering where the exchanges have been.. they have been lobbying to governments. but lobbying for regulation. not against it
[/quote

I mean strictly from economic power, so taking the GDP of the top countries instead of on a per capita basis. Even if the population of Africa might be greater than other regions, if African spending power isn't enough, then they can't use Bitcoin at the volume they'd need in order to compete with the larger economies. Meaning, if the US/EU/UK/China banned Bitcoin, I don't think Africa or some other Asian countries could carry Bitcoin alone.

I agree that most exchanges don't need to lobby against regulations. They're already so regulated that there's no point in lobbying against it. Damage is done.