News & Reviews:   crypto

A landlord in Ipoh was forced to pay an electricity bill of RM1142511.75 after a tenant used their premises to mine crypto illegally. In a Facebook post on Sunday, Tenaga Nasional Berhad (TNB) attached a demand notice asking for the amount to be paid within 14 days of receipt or face legal action. So, what should you know about it?

Malaysia is the world’s first country to accept Zakat payments via cryptocurrencies. This is thanks to the Federal Territories Islamic Religious Council-Zakat Collection Centre (PPZ-MAIWP) recently offering payment options using cryptocurrencies.

The Deputy Minister of Communication and Multimedia (K-KOMM), Datuk Zahidi Zainul Abidin has urged for the Federal Government to adopt cryptocurrency as legal tender in Malaysia. Claiming that crypto is ‘the future of finance’, Zahidi also said that his ministry will be looking into ways to increase youths' involvement in digital currencies.

The K-KOMM Deputy Minister made the statement in the Dewan Rakyat today in reply to a supplementary question from the Member of Parliament (MP) for Ledang, Syed Ibrahim Syed Noh. The latter asked K-Komm on the government’s stance on non-fungible tokens (NFTs) trading which are becoming more popular in our country.