Malaysia
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๐ ๐ฎ๐น๐ฎ๐๐๐ถ๐ฎโ๐ย $๐ฑ๐ย ๐๐ฟ๐๐ฝ๐๐ผย ๐ ๐ถ๐ป๐ถ๐ป๐ดย ๐๐ผ๐ผ๐บย ๐ฎ๐ย ๐ฅ๐ถ๐๐ธย ๐ช๐ถ๐๐ต๐ผ๐๐ย ๐๐น๐ฒ๐ฎ๐ฟย ๐ฅ๐๐น๐ฒ๐
Malaysiaโs crypto mining market is projected to grow 110.2% in 2025 โ from $2.44B to $5.13B, according to a report by the Access Blockchain Association of Malaysia. But this growth is threatened by rampant illegal mining, energy theft, and unclear policies.
โซ๏ธ Illegal Mining Is Draining Billions
โซ๏ธ National energy provider TNB lost $104M to electricity theft from 2020โ2024
โซ๏ธ Past losses from 2018โ2021 hit $542M, mostly due to unlicensed Bitcoin miners
โซ๏ธ The report says formalizing this activity could turn stolen power into taxable revenue
โซ๏ธ Legal Miners Hide in the Shadows
โซ๏ธ Many medium-to-large legal mining firms exist, but avoid publicity due to fear of cyberattacks and regulatory changes
โซ๏ธ Firms like Hatten Land are building regulated infrastructure with partners like Hydra X
โซ๏ธ Malaysia has the tech edge: strong internet + hydropower access
โซ๏ธ Big Potential, But No Clear Mining Rules
โซ๏ธ Malaysia ranks 7thโ8th globally in Bitcoin hashrate (2.5โ3% share)
โซ๏ธ But the Securities Commission has no mining-specific rules, only exchange regulations
โซ๏ธ Lack of clarity is stalling large-scale legal adoption
โซ๏ธ What Needs to Be Done
โ Introduce crypto mining licenses
โ Roll out green tariff incentives
โ Close legal loopholes in electricity theft
โ Develop Shariah-compliant mining models
โซ๏ธ Final Word
Malaysia has the chance to become a crypto mining hub in Asia โ but only if it moves fast to regulate, legitimize, and support the sector.
#MiningCompanies #bitcoin #BTC #Malaysia
$BTC
$ETH
$BNB
Malaysiaโs crypto mining market is projected to grow 110.2% in 2025 โ from $2.44B to $5.13B, according to a report by the Access Blockchain Association of Malaysia. But this growth is threatened by rampant illegal mining, energy theft, and unclear policies.
โซ๏ธ Illegal Mining Is Draining Billions
โซ๏ธ National energy provider TNB lost $104M to electricity theft from 2020โ2024
โซ๏ธ Past losses from 2018โ2021 hit $542M, mostly due to unlicensed Bitcoin miners
โซ๏ธ The report says formalizing this activity could turn stolen power into taxable revenue
โซ๏ธ Legal Miners Hide in the Shadows
โซ๏ธ Many medium-to-large legal mining firms exist, but avoid publicity due to fear of cyberattacks and regulatory changes
โซ๏ธ Firms like Hatten Land are building regulated infrastructure with partners like Hydra X
โซ๏ธ Malaysia has the tech edge: strong internet + hydropower access
โซ๏ธ Big Potential, But No Clear Mining Rules
โซ๏ธ Malaysia ranks 7thโ8th globally in Bitcoin hashrate (2.5โ3% share)
โซ๏ธ But the Securities Commission has no mining-specific rules, only exchange regulations
โซ๏ธ Lack of clarity is stalling large-scale legal adoption
โซ๏ธ What Needs to Be Done
โ Introduce crypto mining licenses
โ Roll out green tariff incentives
โ Close legal loopholes in electricity theft
โ Develop Shariah-compliant mining models
โซ๏ธ Final Word
Malaysia has the chance to become a crypto mining hub in Asia โ but only if it moves fast to regulate, legitimize, and support the sector.
#MiningCompanies #bitcoin #BTC #Malaysia
$BTC
$ETH
$BNB
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Malaysia Alarmed: Electricity Theft for Mining Increases by 300%, Homeowners Shocked by 6 Billion Bill!
The situation of illegal cryptocurrency mining in Malaysia is spiraling out of control, as Tenaga Nasional Berhad (TNB) โ the largest national power company in the country โ reported a nearly 300% increase in electricity theft cases from 2018 to 2024.
From 610 cases in 2018, the number of electricity theft cases for cryptocurrency mining has increased to 2,397 cases in 2024, causing hundreds of millions of USD in damages and putting the national power grid in a state of overload.
From 610 cases in 2018, the number of electricity theft cases for cryptocurrency mining has increased to 2,397 cases in 2024, causing hundreds of millions of USD in damages and putting the national power grid in a state of overload.
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Malaysia is preparing for major reforms in cryptocurrency exchange regulations
#Malaysia is planning significant updates to the regulations governing cryptocurrency exchanges to expedite the token listing process and enhance investor protection. The Securities Commission of Malaysia has just announced a proposal document outlining several important changes for domestic digital asset exchanges.
Focus of the changes: Token listing and investor protection
According to the new proposals, certain tokens may be listed without prior approval if they meet clear criteria regarding market capitalization, liquidity, reliability, and compliance with anti-money laundering regulations. This promises to simplify and expedite the process of listing new digital assets.
In addition, regulations will also be stricter for exchanges. Specifically, exchanges will need to completely separate customer funds from the company's operational assets and maintain a higher level of reserve capital. These measures aim to enhance safety and transparency, protecting investors' assets against operational risks or the bankruptcy of the exchange. #anhbacong
#Malaysia is planning significant updates to the regulations governing cryptocurrency exchanges to expedite the token listing process and enhance investor protection. The Securities Commission of Malaysia has just announced a proposal document outlining several important changes for domestic digital asset exchanges.
Focus of the changes: Token listing and investor protection
According to the new proposals, certain tokens may be listed without prior approval if they meet clear criteria regarding market capitalization, liquidity, reliability, and compliance with anti-money laundering regulations. This promises to simplify and expedite the process of listing new digital assets.
In addition, regulations will also be stricter for exchanges. Specifically, exchanges will need to completely separate customer funds from the company's operational assets and maintain a higher level of reserve capital. These measures aim to enhance safety and transparency, protecting investors' assets against operational risks or the bankruptcy of the exchange. #anhbacong
Crypto miners ๐ ๏ธ in Malaysia ๐ฒ๐พ have been living the high life... for FREE ๐๐ฌ๐ฅ
They've reportedly stolen overย $722ย million worth of electricity to power their rigs over the past 6 years! ๐คฌ๐
The government is cracking down on these illegal operations, but for a while there, it sounds like someone was mining in paradise. ๐ย #Bitcoin #cryptomining ย #malaysia
They've reportedly stolen overย $722ย million worth of electricity to power their rigs over the past 6 years! ๐คฌ๐
The government is cracking down on these illegal operations, but for a while there, it sounds like someone was mining in paradise. ๐ย #Bitcoin #cryptomining ย #malaysia
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Impact of Malaysia's New Social Media Law on Cryptocurrencies, Investors, and the Economy
The implementation of the new Social Media Regulation Law in Malaysia, which requires platforms with more than 8 million users to obtain licenses, not only affects tech giants like Google, YouTube, and X (formerly Twitter), but also has significant repercussions for the cryptocurrency market, investors, and the global economy. Below are key data points:
Cryptocurrencies Under Regulatory Radar:
The growing global regulation of technological platforms could extend to the cryptocurrency market. If governments require similar licenses for cryptocurrency exchange platforms, costs and bureaucracy could increase, restricting accessibility for retail investors and affecting the decentralization that characterizes the sector.
Cryptocurrencies Under Regulatory Radar:
The growing global regulation of technological platforms could extend to the cryptocurrency market. If governments require similar licenses for cryptocurrency exchange platforms, costs and bureaucracy could increase, restricting accessibility for retail investors and affecting the decentralization that characterizes the sector.
BREAKING NEWS:
MALAYSIA CENTRAL BANK SPARKS DEBATE BY NAMING $XRP & $BTC AS MONETARY ALTERNATIVES!
Comment your thoughts below๐ค๐
#Malaysia #xrp #BTC #centralbank #crypto
MALAYSIA CENTRAL BANK SPARKS DEBATE BY NAMING $XRP & $BTC AS MONETARY ALTERNATIVES!
Comment your thoughts below๐ค๐
#Malaysia #xrp #BTC #centralbank #crypto
๐ฒ๐พโ๏ธ *Pudgy Penguins (PENGU) spotted in Malaysia!* ๐ง๐ฅ
The iconic *Pudgy Penguins* NFT brand is making waves far beyond the metaverse โ now showing up in *Malaysia*! ๐๐
๐ง What this could mean:
- *Brand expansion* in Southeast Asia ๐
- Strong *IRL presence* = more cultural adoption of Web3 NFTs
- Could lead to *collabs with local brands*, artists, or events ๐ฒ๐พ๐จ
-PENGU token gaining visibility = potential upside ๐๐
Pudgy Penguins are known for blending *cute culture + strong community + real-world utility* โ and their global presence keeps growing.
$PENGU
$DOGE
#PudgyPenguins #Malaysia #NFTs #PENGU #CryptoCulture ๐ง๐ง๐ฅ
The iconic *Pudgy Penguins* NFT brand is making waves far beyond the metaverse โ now showing up in *Malaysia*! ๐๐
๐ง What this could mean:
- *Brand expansion* in Southeast Asia ๐
- Strong *IRL presence* = more cultural adoption of Web3 NFTs
- Could lead to *collabs with local brands*, artists, or events ๐ฒ๐พ๐จ
-PENGU token gaining visibility = potential upside ๐๐
Pudgy Penguins are known for blending *cute culture + strong community + real-world utility* โ and their global presence keeps growing.
$PENGU
$DOGE
#PudgyPenguins #Malaysia #NFTs #PENGU #CryptoCulture ๐ง๐ง๐ฅ
Crypto miners ๐ ๏ธ in Malaysia ๐ฒ๐พ have been living the high life... for FREE ๐๐ฌ๐ฅ
They've reportedly stolen over $722 million worth of electricity to power their rigs over the past 6 years! ๐คฌ๐
The government is cracking down on these illegal operations, but for a while there, it sounds like someone was mining in paradise. ๐ #bitcoinโ๏ธ #CryptoMining #malaysia
They've reportedly stolen over $722 million worth of electricity to power their rigs over the past 6 years! ๐คฌ๐
The government is cracking down on these illegal operations, but for a while there, it sounds like someone was mining in paradise. ๐ #bitcoinโ๏ธ #CryptoMining #malaysia
Malaysiaโs Central Bank Explores $XRP as an Alternative to Bank Deposits
Malaysiaโs central bank is investigating the use of $XRP as a potential alternative within its payment systems. This strategic move could significantly boost $XRP โs global utility and accelerate its mainstream adoption.
๐ If adopted, $XRP could strengthen payment infrastructures and expand its role in the global financial ecosystem.
#XRP #Crypto #Blockchain #Malaysia #malaysiabank
๐ If adopted, $XRP could strengthen payment infrastructures and expand its role in the global financial ecosystem.
#XRP #Crypto #Blockchain #Malaysia #malaysiabank
PM Anwar Launches Digital Asset Innovation Hub to Explore Stablecoins In Malaysia
The focus of the Digital Asset Innovation Hub includes programmable money and a ringgit-backed stablecoin
Bank Negara Malaysia (BNM) has launched a new Digital Asset Innovation Hub as part of the Sasana Symposium 2025.
The initiative aims to stimulate financial innovation in a controlled environment where applicants can test new financial solutions and provide input to refine regulatory and security frameworks.
The two-day event, held at Sasana Kijang on 17 and 18 June, brings together policymakers, business leaders, academics, and civil society to explore reforms needed to build a more resilient Malaysia.
Prime Minister Datoโ Seri Anwar Ibrahim officiated the launch of the hub, which is designed to support the development of digital assets and financial technology in the country.
The focus includes programmable money and a ringgit-backed stablecoin, according to the Prime Minister.
The event also includes Bazar iTEKAD, where 14 of over 10,000 microentrepreneurs who have benefited from the iTEKAD social finance programme are showcasing their products.
The programme offers blended financing and structured training to help small business owners scale their operations.
In line with Malaysiaโs ASEAN Chairmanship next year, the symposium also hosts an immersive ASEAN Tunnel exhibition featuring sight and sound, highlighting BNMโs efforts to support ASEANโs climate goals, promote instant payment connectivity, and strengthen local currency transactions.
#Malaysia #pmanwar #stablecoin
The focus of the Digital Asset Innovation Hub includes programmable money and a ringgit-backed stablecoin
Bank Negara Malaysia (BNM) has launched a new Digital Asset Innovation Hub as part of the Sasana Symposium 2025.
The initiative aims to stimulate financial innovation in a controlled environment where applicants can test new financial solutions and provide input to refine regulatory and security frameworks.
The two-day event, held at Sasana Kijang on 17 and 18 June, brings together policymakers, business leaders, academics, and civil society to explore reforms needed to build a more resilient Malaysia.
Prime Minister Datoโ Seri Anwar Ibrahim officiated the launch of the hub, which is designed to support the development of digital assets and financial technology in the country.
The focus includes programmable money and a ringgit-backed stablecoin, according to the Prime Minister.
The event also includes Bazar iTEKAD, where 14 of over 10,000 microentrepreneurs who have benefited from the iTEKAD social finance programme are showcasing their products.
The programme offers blended financing and structured training to help small business owners scale their operations.
In line with Malaysiaโs ASEAN Chairmanship next year, the symposium also hosts an immersive ASEAN Tunnel exhibition featuring sight and sound, highlighting BNMโs efforts to support ASEANโs climate goals, promote instant payment connectivity, and strengthen local currency transactions.
#Malaysia #pmanwar #stablecoin
Malaysiaโs Big Blockchain Push: A Chat with Binanceโs CZ ๐คฉ
The meeting was between a Malaysian official and CZ, the founder of Binance, focusing on how #Malaysia could become a key player in the digital assets and blockchain world. They talked about working with local agencies like the Securities Commission and Bank Negara Malaysia to encourage innovation responsibly. The discussion highlighted the need for government leadership to drive blockchain adoption, like digitizing processes and exploring tokenization for financial tools and other uses. The goal is to position Malaysia as a leader in the global digital shift, under the #MalaysiaMADANI and #MADANIBekerja initiatives.
I think this is a smart move for Malaysia! Blockchain and digital assets are the future, and getting in early with a big player like Binance could really put Malaysia on the map. The focus on responsible innovation and government involvement shows theyโre trying to balance growth with stability, which is key. If they pull this off, it could be a game-changer for the countryโs tech scene. Exciting stuff!
#Binance
#crypto2025
#CryptoMarketCapBackTo$3T
The meeting was between a Malaysian official and CZ, the founder of Binance, focusing on how #Malaysia could become a key player in the digital assets and blockchain world. They talked about working with local agencies like the Securities Commission and Bank Negara Malaysia to encourage innovation responsibly. The discussion highlighted the need for government leadership to drive blockchain adoption, like digitizing processes and exploring tokenization for financial tools and other uses. The goal is to position Malaysia as a leader in the global digital shift, under the #MalaysiaMADANI and #MADANIBekerja initiatives.
I think this is a smart move for Malaysia! Blockchain and digital assets are the future, and getting in early with a big player like Binance could really put Malaysia on the map. The focus on responsible innovation and government involvement shows theyโre trying to balance growth with stability, which is key. If they pull this off, it could be a game-changer for the countryโs tech scene. Exciting stuff!
#Binance
#crypto2025
#CryptoMarketCapBackTo$3T
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Former Malaysian Prime Minister Abdullah Badawi passes away at the age of 85
Former Malaysian Prime Minister Abdullah Badawi passed away on April 14, at the age of 85, after many years suffering from dementia.
His son-in-law, former health minister Khairy Jamaluddin, shared the news on Instagram, stating that Tun Abdullah passed away at the National Heart Institute (IJN) in Kuala Lumpur at 7:10 PM.
IJN reported that Malaysia's fifth prime minister, affectionately known as "Pak Lah," was hospitalized on the morning of April 13 after experiencing respiratory issues and was placed in the intensive care unit in the cardiology department.
His son-in-law, former health minister Khairy Jamaluddin, shared the news on Instagram, stating that Tun Abdullah passed away at the National Heart Institute (IJN) in Kuala Lumpur at 7:10 PM.
IJN reported that Malaysia's fifth prime minister, affectionately known as "Pak Lah," was hospitalized on the morning of April 13 after experiencing respiratory issues and was placed in the intensive care unit in the cardiology department.
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Major Explosion in Malaysia Uncovers Illegal Bitcoin Electricity Theft Operation
A large explosion in Bandar Puncak Alam has uncovered an illegal Bitcoin mining facility, raising concerns about the increasing electricity theft for cryptocurrency mining in the country.
๐ฅ Details of the incident
The explosion occurred on Tuesday morning, when smoke and flames erupted from a house on Lorong Cekara Purnama, forcing local residents to call emergency services at 11:41 AM.
๐ฅ Details of the incident
The explosion occurred on Tuesday morning, when smoke and flames erupted from a house on Lorong Cekara Purnama, forcing local residents to call emergency services at 11:41 AM.
Malaysian PM Anwar Ibrahim meets Binance CEO to discuss crypto regulation, aiming for a progressive digital asset framework in Malaysia. #Malaysia #cryptocurrency #Binance @CZ $BNB
The account of former Malaysian Prime Minister X is suspected to be stolen. Users should pay attention to the risks
#Malaysia
#Malaysia
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