Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Enjoyed this article?
Share it with your friends!
The Blockchain approach to Malaysia’s approach to Malaysia has caused concern that Earth could miss the growing cryptocurrency market due to constant problems such as theft of electricity, unclear policies and lack of legal direction.
While the global mining industry is expected to expand, from $ 2.44 billion to $ 5.13 billion until 2025, from $ 2.44 billion, report He warns that Malaysia cannot benefit if he does not deal with these internal questions.
The main problem is the theft of electricity. The largest energy company in Malaysia, Tenaga Nasianal Berhad (TNB),, lost over 441 million ringgits (about $ 104 million) from 2020 to September 2024 Due to the illegal use of energy,, mainly unauthorized bitcoin
Btc
107.141,93 USD
miners. Between 2018 and 2021, these losses even reached 2.3 billion ringgits.
Did you know?
Want to be smarter and richer with cryptocurrencies?
Subscribe – every week we are posting new videos of Crypto explanator!
How to use a crypto? 5 Explained Reward Strategies (animated)
Instead of treating illegal mining only as a problem, the report suggests that could become a source of income if brought under control. By connecting these operations with official electricity meters, TNB could stop theft and earn a lawful income.
Legal crypto mining companies They already exist in Malaysia, but many of them remain outside the spotlight. According to the report, some avoid attention because they worry about a sudden change in rules, theft of data or even physical attacks.
Still, some companies begin to invest in above ground mining settings. One example is Hatten Land, who started partnerships in Melaki with Hydra X and Frontier Digital Asset Management.
Recently, the authorities in Malaysia have closed the illegal Operation of Mining Bitcoin Hulu Terrenggan and Marang. How did they succeed? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
