In brief
- The government has introduced legislation to make a temporary crypto mining moratorium permanent.
- Officials said the change is part of a broader plan to allocate electricity to high-value industries.
- Crypto industry leaders warned the decision could push investment to areas without clean energy.
The Government of British Columbia is moving to permanently bar new cryptocurrency mining projects from connecting to the provincial power grid, as it shifts focus toward major industries it says will better serve its clean energy and economic growth goals.
The measure, announced Monday, is part of a wider effort to grow investment, diversify markets and create new jobs, particularly in northern B.C., while managing a surge in…
