Malaysia Might Take Strong Action Against Bitcoin Mining

Quick Summary:

The Malaysian government thinks Bitcoin (BTC) mining should be blamed for the high cost of electricity in the region.

Similarly, Paraguay took a step forward towards supporting Bitcoin miners by selling its surplus hydro-energy.

The disposal involved a total of 2,022 seized items including Bitcoin mining machines.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: IndiaEthiopiaMalaysiaParaguay

Topics: 24/7 Cryptocurrency News Bitcoin mining

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-10 @ 18:26:05 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21568070

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 34 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #59

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