British Columbia Moves to Permanently Ban New Crypto Mining Connections to BC Hydro

Published at 2025-10-21 09:08:17
British Columbia Moves to Permanently Ban New Crypto Mining Connections to BC Hydro – cover image

British Columbia has recently announced plans to permanently ban new cryptocurrency mining connections to BC Hydro, the provincial power utility. This move is in response to concerns about the high energy consumption associated with crypto mining operations, which can put a strain on local power grids and impact environmental goals.

The province's decision highlights the ongoing tension between the expanding crypto industry and sustainable energy use. By restricting new mining operations, British Columbia aims to better manage its electricity resources and promote environmental responsibility.

For crypto enthusiasts and investors, these regulatory changes might impact the accessibility and development of mining activities in the region. However, alternative options for acquiring cryptocurrency remain accessible. Platforms like Bitlet.app provide innovative solutions, including a Crypto Installment service that allows users to buy cryptocurrencies now and pay monthly, offering a more flexible and manageable approach to investing in digital assets.

As regulations evolve, it's essential to stay informed and explore convenient platforms that support your crypto journey. Bitlet.app remains at the forefront, enabling seamless and responsible crypto transactions through its user-friendly installment plans.

Share on:

Related news

VTB to Offer Direct Crypto Trading Through Brokerage Accounts Next Year

VTB, Russia’s second-largest bank by assets, will let clients buy and sell cryptocurrencies directly via brokerage accounts starting next year, expanding beyond its current derivatives exposure.

Published at 2025-12-03 20:30:07
Binance Appoints Yi He as Co-CEO

Binance named co-founder Yi He as its co-chief executive on Wednesday. The move is positioned as part of the exchange's leadership continuity amid ongoing global regulatory and growth challenges.

Published at 2025-12-03 06:30:09
UK law confirms cryptocurrencies are property after royal assent

A UK bill establishing that existing property laws apply to cryptocurrencies received royal assent on Dec. 2, 2025, giving digital assets clearer legal status. Supporters say the move should strengthen ownership, recovery and insolvency remedies for crypto holders and businesses.

Litecoin Surges 10% After Vanguard LTCC Access — What’s Next for LTC?

Litecoin rallied roughly 10% in early trading following news of Vanguard LTCC access, breaking a short-term consolidation and shifting the immediate technical outlook. Traders should watch for follow-through volume and potential pullbacks as institutional access may increase liquidity and volatility.

Published at 2025-12-02 23:15:08
Burry Calls Bitcoin's Push Toward Six Figures a Speculative Bubble

Michael Burry reiterated that Bitcoin's rally toward six-figure prices is a speculative bubble disconnected from measurable fundamentals, reviving debate over crypto valuation.