British Columbia, Canada, plans to permanently ban new cryptocurrency mining projects
the province of British Columbia, Canada, has announced plans to permanently ban new cryptocurrency mining projects from accessing the province's power supplier BC Hydro. The province stated that this is aimed at allocating enough power to industries such as mining, natural gas, and liquefied natural gas (LNG) that can create job opportunities. This measure is intended to address unprecedented power demands and ensure that the economic interests of the province and Canada are reflected in the growing distribution of clean power supply. The province submitted an energy regulation amendment to the regional legislature on Monday to ensure that power is provided to industries that create jobs and generate public revenue. Starting in 2022, the province has suspended new cryptocurrency mining projects, and this policy adjustment will make this suspension permanent. In addition, starting in the fall of 2025, the province also plans to restrict power distribution to data centers and artificial intelligence. (Theblock)
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