B.C. set to limit flow to electricity to cryptocurrency miners

British Columbia is proposing legal changes that would allow the government to regulate the supply of electricity to cryptocurrency miners.

It says the legislative amendments would allow the government to prohibit or restrict provision of electricity to cryptocurrency miners because “unchecked growth” of the sector could make it challenging and more costly to provide electricity to homes and other businesses. The statement says 21 projects, requesting a total of 11,700 gigawatt hours of power per year, were temporarily suspended from receiving power.

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