British Columbia to Ban New Crypto Mining Projects From Grid | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 21 October 2025

⏱️ 3 minutes

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Summary

Is Mining Over in British Columbia? The Canadian province of British Columbia plans to introduce a permanent ban on new cryptocurrency mining operations connecting to its electricity grid. What does the regulation mean for miners in the region? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠https://midnight.network/break-free⁠ - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠https://hubs.ly/Q03KGbRK0⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠https://www.owlting.com/portal/?lang=en&utm_source=CoinDesk&utm_medium=cpc&utm_campaign=CoinDesk_Banner⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.

Transcript

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0:00.0	A Canadian province plans to ban new crypto miners from connecting to the grid and the legislative
0:04.6	process is reignited in Washington.
0:07.1	You're watching Coin Desk Daily.
0:08.6	I'm your host, Jen Sanasi.
0:15.7	The Canadian province of British Columbia plans to permanently ban new cryptocurrency
0:19.6	mining operations from connecting to its electricity grid. The move comes as part of a broader plans to permanently ban new cryptocurrency mining operations from
0:20.8	connecting to its electricity grid. The move comes as part of a broader effort to manage electricity
0:25.8	demand and ensure industrial development is powered by clean energy. Effective immediately,
0:30.8	the province's utility, BC Hydro, will no longer approve grid connections for new crypto mining
0:35.5	operations. On top of the ban, the province will
0:38.2	also cap electricity availability for new AI and data centers. And a new competitive allocation
0:43.5	process for those centers is set to begin in January 26. Utility or privacy. The transparency
0:49.7	of traditional blockchains forces a difficult choice, break free from this limitation with
0:54.5	midnight. Just like the internet made information global, stable coins are making money global,
0:59.1	and Bridge, a stripe company, is powering that shift. Looking for a faster, cheaper way to move
1:04.3	money worldwide, Owl Ting listed on the NASDAQ as Owls, is building the rails for stable coin payments.
1:09.9	A coalition of crypto-fintech and
1:11.8	retail groups is urging the U.S. Consumer Protection Agency to maintain strong open banking rules.
1:16.9	The groups, including the Blockchain Association and the National Retail Federation,
1:20.9	sent a letter to the CFPB warning that efforts by big banks charge for consumer data access
1:26.2	could stifle innovation and competition.
1:28.7	The coalition is arguing for the preservation of key protections in Rule 1033, which would give
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