Loopholes fuelling crypto electricity theft


Photo: AZMAN GHANI/The Star

PETALING JAYA: Malaysia’s cryptocurrency mining activities continue to operate in a regulatory grey zone, raising alarm among experts who say loopholes in the law have fuelled rampant electricity theft and unchecked power consumption.

Although billions have already been lost to mining operations, there is still no clear framework that defines how and where crypto mining should be carried out, the experts said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Student surrendered package with Zara Qairina's notes, testifies ex-head warden
VAT 69 commando death in training exercise being investigated, says IGP
EC begins distributing polling equipment for Kinabatangan, Lamag by-elections
Vote Warisan to strengthen central–east Sabah’s voice in Parliament, says Shafie
Base MHIT plan may offer medical coverage from RM50 a month
Locals protest suggestion to rename Jalan Pantai Bersih
MACC detains six company owners, freezes RM7.2mil in e-waste cases
Malaysia lost 47,250 football fields worth of its coral reefs in last three years
Police foil RM80.3mil drug haul destined for Australia
MCMC records statements of China Press editor-in-chief, online editor

Others Also Read