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British Columbia Imposes 18-Month Moratorium on New Crypto Mining Operations
This is the third Canadian province to limit the industry's growth as it looks to preserve capacity for communities.
Updated Dec 22, 2022, 4:38 p.m. Published Dec 22, 2022, 11:29 a.m.
British Columbia became the third Canadian province to impose restrictions on crypto mining, saying it will not approve new connections to its power grid for 18 months.
In recent weeks, utilities in Quebec and Manitoba imposed similar restrictions on the industry, citing the high demand for power.
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The province wants to preserve electricity for "electric vehicles and heat pumps, and for businesses and industries that are undertaking electrification projects that reduce carbon emissions and generate jobs and economic opportunities," Josie Osborne, British Columbia's minister of energy, mines and low carbon innovation, said in a Wednesday post on the provincial government's website.
Currently, 21 projects are requesting a total of 1,403 megawatts (MW) in the province, equivalent to the energy needed to power approximately 570,000 homes, or 2.1 million electric vehicles, the post said.
Read more: Canada's Manitoba Province Enacts 18-Month Moratorium on New Crypto Mining
CORRECTION (Dec. 22 16:35 UTC): Removes from the picture caption the reference to Vancouver being the capital of British Columbia. (Victoria is the capital.)
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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