Manitoba Extends Cryptocurrency Mining Moratorium to 2026

IconCrypto News Terminal22 Apr, 2024

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Manitoba Extends Cryptocurrency Mining Moratorium to 2026

The Canadian province of Manitoba has extended its moratorium on new cryptocurrency mining operations until April 30, 2026. The move comes as the provincial government continues to develop a long-term solution for the energy-intensive industry. The moratorium, which was first imposed in November 2022, has been controversial. Supporters of the moratorium argue that it is necessary to protect the province's environment and energy resources. Opponents argue that the moratorium is stifling innovation and economic development. The provincial government has said that it will use the time of the moratorium to develop a long-term plan for cryptocurrency mining. The plan will consider the environmental impact of cryptocurrency mining, the economic benefits of the industry, and the needs of the province's electricity grid. Previously on 22 April 2024, the government of Manitoba, Canada, extended its moratorium on new cryptocurrency mining operations, according to Cointelegraph.

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