What country is Borg in?

Inquiring minds want to know: Could you please elaborate on the geographical location of Borg? I've been hearing quite a bit about this place in relation to the crypto world but remain perplexed about its precise whereabouts. Is it a real country, a virtual entity, or perhaps a nickname for a particular region? Any insight you can provide would be greatly appreciated as I strive to gain a deeper understanding of this enigmatic locale.