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Benefits of Bitcoin Mining in Quebec - Canadian Blockchain Consortium
TORONTO�The Canadian province of Quebec wants to stop selling cheap power to cryptocurrency miners amid the global energy crunch. Quebec was attractive to Bitcoin miners for the same reasons that regions in China were: it produces local hydroelectricity (widely known as the. If you trade, buy or sell virtual currency or engage in mining activities, you must keep records and documents supporting the information in them for six years.

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One of the main factors, the former insider says, began when the province took a hard look at its own electrical and environmental needs. Poilievre suggested at the time that cryptocurrencies could allow ordinary Canadians to "opt out" of inflation because they are not influenced by central banks. Your weekly guide to what you need to know about federal politics and the minority Liberal government. Amidst this global redistribution, Canada has emerged as a rising powerhouse in Bitcoin mining hosting.