British Columbia Imposes 18-Month Crypto Mining Moratorium to Protect Power Grid
• British Columbia has become the third Canadian province to impose restrictions on cryptocurrency mining by placing an 18-month moratorium on new connections to its power grid. • This follows similar restrictions from utilities in Quebec and Manitoba, citing the high demand for power. • The province hopes to preserve electricity for electric vehicles, heat pumps, and businesses undertaking electrification projects that reduce carbon emissions and generate jobs. The province of British Columbia recently announced that it will be imposing…