Canada’s Quebec suspends cryptocurrency mining, may raise fees

The Canadian province of Quebec said on Thursday it would suspend the operation of new blockchain mining projects and said it wanted to first develop new regulations, including raising electricity prices and increasing job requirements, Reuters reported.

Hydro Quebec, the Quebec government-owned electricity provider, said in a statement it will ask the province’s energy board to decide as soon as possible on fees to be charged to cryptocurrency miners and determine how much energy should be allocated to the industry while addressing the need to maximize revenue and create jobs.