CoinDesk Podcast Network British Columbia to Ban New Crypto Mining Projects From Grid | CoinDesk Daily
Oct 21, 2025
British Columbia is imposing a permanent ban on new crypto mining operations linked to its electricity grid, aiming to manage energy demand. The region is also capping electricity for new AI and data centers, with a competitive allocation process set to begin in 2026. Meanwhile, a coalition of crypto and fintech groups is advocating for consumer data-sharing protections. Lastly, there are upcoming meetings to kickstart stalled legislation on cryptocurrency in the Senate, signaling a potential shift in regulatory progress.
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BC Bans New Grid-Connected Crypto Miners
- British Columbia will permanently ban new crypto miners from connecting to its electricity grid effective immediately.
- The move aims to manage electricity demand and prioritize clean-energy industrial development.
Energy Caps Extend To AI And Data Centers
- The province will also cap electricity availability for new AI and data centers and start a competitive allocation in January 2026.
- This signals a broader strategy to control demand across high-energy industries, not just crypto.
Coalition Defends Open Banking Rule 1033
- A coalition of crypto, fintech, and retail groups urged the CFPB to keep strong open banking rules, warning big banks may stifle competition.
- They emphasize preserving Rule 1033 so consumers can freely share financial data with fintech services.