Malaysian Authorities Seized $13M Worth Crypto Mining Equipment in 2021: Report

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Illegal Bitcoin mining in Malaysia has seen a 'drastic' increase in 2021 compared to the previous year, according to the authorities.

Illegal Bitcoin mining in Malaysia has seen a “drastic” increase in 2021 compared to the previous year, according to the authorities.

According to the report by Malay Mail, only 20 papers were opened, 26 individuals were arrested, and about $301K worth of equipment was seized. All in all, from 2020 to 2021, there has been a rise of an astonishing 4,200% increase with respect to confiscated items. show that Malaysia accounts for around 3% of all the global bitcoin miners, placing it in the top ten mining destinations in the world.But bad actors continue to operate unfazed. The rampant electricity theft in Malaysia has become a major cause of concern. From a period of 2018 to 2019, a total of 7,209 cases of electricity theft has been reported.

 

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Omg the world is over

Malaysia and any other country attempting stop bitcoin, might as well be trying to ban breathing. Oh wait, they've all done that. Guess I need another analogy. How about this... Stop fu*cking with God-given Freedom. It will end badly. THE PEOPLE ARE THE GOLDEN GOOSE.

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