Malaysia’s state utility provider Tenaga Nasional Berhad has reported staggering losses of $1.1 billion from illegal cryptocurrency mining operations, revealing a systemic crisis that has escalated 300% since authorities first detected the problem in 2018. The scale of electricity theft across 13,827 premises has prompted government officials to consider urgent regulatory reforms and enhanced monitoring systems to combat what has become a billion-dollar drain on the national energy infrastructure.
about Malaysia's $1.1B Crypto Mining Power Theft CrisisMalaysian Ringgit
0 posts last weekBNM Unveils 3-Year Asset Tokenization Roadmap for Malaysia
Bank Negara Malaysia has launched an ambitious three-year roadmap to advance asset tokenization across the country’s financial sector, positioning Malaysia at the forefront of digital asset innovation in Southeast Asia. The initiative focuses on practical applications including SME financing, Islamic finance products, green finance, and cross-border payments, representing a significant step toward modernizing Malaysia’s financial infrastructure through blockchain technology.
about BNM Unveils 3-Year Asset Tokenization Roadmap for MalaysiaKaia & LINE Launch Stablecoin Super-App for 200M Users
Kaia and LINE NEXT have unveiled Project Unify, a stablecoin-powered super-app within LINE Messenger targeting nearly 200 million users across Asia. The platform aims to integrate payments, remittances, and DeFi services while navigating ongoing regulatory challenges. Launch is scheduled for beta later this year with support for multiple regional stablecoins.
about Kaia & LINE Launch Stablecoin Super-App for 200M UsersMalaysia’s Crypto Mining to Hit $5.13B by 2025
Malaysia’s cryptocurrency mining market is forecasted to grow by 110.2% to $5.13 billion in 2025, driven by its strategic location, tech ecosystem, and expertise in Shariah-compliant finance. However, illegal mining operations and regulatory uncertainties pose significant risks. Electricity theft, primarily linked to Bitcoin mining, has cost Tenaga Nasional Berhad (TNB) over $104 million since 2020, with total losses reaching $542 million from 2018 to 2021. The Access Blockchain Association of Malaysia warns that inconsistent policies and legal ambiguities could hinder the sector’s full economic potential. Addressing these issues is crucial for sustained growth in the crypto mining industry.
about Malaysia's Crypto Mining to Hit $5.13B by 2025Leform Berhad’s Weak ROE and Earnings Decline Impact Stock Performance
Leform Berhad’s share price has dropped 10% over the past three months, reflecting market concerns despite some positive fundamentals. The company’s Return on Equity (ROE) stands at a weak 2.1%, significantly below the industry average of 5.5%, contributing to a 38% decline in net income over five years, while the industry experienced 14% growth. This disparity raises questions about the company’s earnings retention and capital allocation strategies.
about Leform Berhad's Weak ROE and Earnings Decline Impact Stock Performance