Canadian Province British Columbia to Permanently Ban New Crypto Mining Projects From Grid
Summary
The government of British Columbia, Canada's third-most populous province, announced plans to permanently ban new cryptocurrency mining operations from connecting to the BC Hydro electricity grid. This measure is intended to preserve the province's electricity supply, prevent grid strain, and ensure industrial development is powered by clean electricity, as crypto mining consumes significant power without generating substantial local jobs or tax revenue compared to other industries like mining or LNG facilities. The overhaul also includes placing new limits on electricity use by data centers and artificial intelligence (AI) companies, with detailed regulations rolling out in November and a competitive allocation process for AI/data centers scheduled for January 2026.
(Source:CoinDesk)