British Columbia Wants to Permanently Ban New Crypto Mining Sites
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 electricity demand. Under the proposed Energy Statutes Amendment Act new crypto mining operations would no longer be eligible for connections to BC Hydro, which supplies the region’s power.
“We must act with urgency to leverage our clean-electricity advantage and grow and diversify our economy,” said…
