🔌 Malaysia's largest electricity utility, Tenaga Nasional Berhad (TNB), reports a loss of over $755 million due to illicit Bitcoin mining activities from 2018 to 2023. Despite crypto mining constituting a small fraction of total energy consumption, the financial impact is significant. ⚡️

Additional losses from illegal electricity connections have resulted in annual losses ranging from $22 million to $44 million. Citizens could face tariff adjustments or related measures due to these repercussions.

Meanwhile, a crackdown on tax evasion involving digital assets is underway in Malaysia. What are your thoughts on this? Share in the comments! 💬👇