The British Columbia government is moving to block new cryptocurrency mining operations from drawing power from BC Hydro for 18 months.
In a media release Wednesday, the Ministry of Energy, Mines and Low Carbon Innovation said it was directing the B.C. Utilities Commission, temporarily relieving the Crown corporation from the obligation to connect to new mining operations.
The 18-month window will give the government time to work out a permanent framework on cryptocurrency mining energy usage with industry and First Nations, it said.
Read more: Environmentalists see Bitcoin mining power plant as climate threat Read next: Part of the Sun breaks free and forms a strange vortex, baffling scientists The ban would target cryptocurrency miners who have yet to connect to the grid, or who were in the early stages of getting hooked up.