British Columbia seeks permanent ban on new crypto mining projects — TradingView News
British Columbia, Canada’s third-largest province by population, said it plans to permanently ban new crypto mining projects from connecting with government electricity to preserve the region’s power supply.
“These actions [will] address unprecedented demand for electricity and ensure that B.C. and Canadian economic interests are reflected in the allocation of British Columbia’s growing clean-electricity supply,” the press release said.
The Canadian province has already submitted the energy statutes amendment act to the regional legislature on Monday, which would ensure that electricity is available for sectors that are expected to produce jobs and generate public revenue.
It also cited cases in other jurisdictions where unchecked power…
