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Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales to Crypto Miners

Published 05/30/2018, 06:44 PM
Updated 05/30/2018, 08:02 PM
Quebec Gov’t Reportedly Lifts Moratorium on Energy Sales to Crypto Miners

The government of Quebec will reportedly lift its moratorium on the sale of electricity to cryptocurrency miners, sources familiar with the matter told local news Le Journal De Montreal May 30. According to Le Journal, the Quebec government wants to “avoid missing the ship” on cryptocurrency, and as such is moving ahead to lift the moratorium.

The Minister of Energy, Pierre Moreau, will reportedly introduce a decree on the regulation of electrical power sale to cryptocurrencies miners, who require massive amounts of power for their operations. Back in February, Moreau said that "we must ensure that this type of business is controlled, so that Hydro-Québec does not see all of its production capacity absorbed."

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