Power theft associated with illegal cryptocurrency mining has surged by more than 300% in Malaysia over the last six years, according to Tenaga Nasional Berhad (TNB), the country’s largest electricity provider. The increase in power theft corresponds with the growing global demand for cryptocurrencies, as local media reported. This sharp ...
Malaysia has appointed Changpeng Zhao (CZ), the founder and former CEO of Binance, to lead a comprehensive overhaul of its blockchain finance sector. This initiative aims to integrate blockchain technology into the country's financial systems, enhance efficiency, and foster innovation. The announcement, made by the Ministry of Finance earlier today ...
Bank Negara Malaysia (BNM) has outlined its stance on digital assets in its 2024 annual report, emphasizing support for asset tokenization while reaffirming that cryptocurrencies will not be recognized as legal tender. In its March 24 research report, the central bank highlighted the growing role of tokenization in enhancing financial ...
Malaysia is witnessing a sharp rise in cryptocurrency investment scams, with authorities warning that fraudsters are increasingly targeting professionals and senior citizens. Datuk Seri Ramli Mohamed Yoosuf, Director of Bukit Aman’s Commercial Crime Investigation Department, has warned older investors, particularly those over 60, to be cautious with cryptocurrency investments. This ...
Authorities in Malaysia discovered an illegal Bitcoin mining operation in a residential home following an explosion and fire on February 13, according to local news outlet Malay Mail. Emergency responders were alerted to smoke and an explosion at the house, leading firefighters to extinguish the flames. Upon inspection, they found ...
A 63-year-old former Malaysian engineer lost RM9.47 million (over $2 million) in a cryptocurrency investment scam, according to local police authorities. Local news outlet The Edge Malaysia reported that Police Chief Datuk M Kumar stated it received the victim's report on January 14, 2025. The victim reportedly claimed he was ...
The Securities Commission Malaysia (SCM) has ordered Huobi Global to cease its operations in Malaysia. As part of the enforcement action, Huobi has been directed to remove its website and mobile apps from the Apple Store and Google Play and halt its communication with Malaysian users via email and social ...
Malaysia and China are exploring the possibility of advancing talks about establishing an Asian Monetary Fund as reducing dependence on the US dollar gains more importance in the region. The proposal, introduced last week during the Boao Forum held in the Chinese island province of Hainan, emphasizes the importance of ...
