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Malaysia’s crypto mining market is projected to reach $5.13 billion by 2025, but illegal mining and regulatory gaps threaten its growth. A new report highlights electricity theft and policy inconsistencies as major hurdles. The country’s strategic advantages could be overshadowed by these challenges.
- Malaysia's crypto mining market is expected to surge to $5.13 billion by 2025, a 110.2% increase from 2024.
- Illegal Bitcoin mining has caused electricity theft losses exceeding $104 million for TNB since 2020.
- The report emphasizes the need for regulatory clarity and policy consistency to unlock Malaysia's crypto mining potential.
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