crypto mining projects
British Columbia has decided to impose a permanent ban on new cryptocurrency mining projects connected to the electrical grid. This decision comes amid concerns regarding energy consumption and environmental impacts associated with crypto mining. The province aims to manage its energy resources more effectively, particularly as demand for electricity continues to rise. Authorities have indicated that the ban will help focus on sustainable energy use and prioritize existing commitments to energy conservation. The province’s regulatory framework will now reflect this permanent ban on new crypto mining operations.
