On March 6, Tenaga Nasional has proposed to impose special tariffs on bitcoin BTC -0.06% mining operators to combat electricity theft, and also proposed that the Energy Commission encourage bitcoin mining operators to apply for legal electricity supply.
Cryptocurrency mining itself is not illegal in Malaysia. But some miners steal electricity, for example by tampering with meter installations or bypassing meters and gaining illegal connections. Tenaga has been working with Malaysia’s anti-corruption agency, police, energy commissions and local councils to arrest electricity thieves, especially bitcoin miners.
Advertisements
DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
