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Manitoba suspends new cryptocurrency operations, citing high energy demand

Summary by Ground News
The Manitoba government is temporarily halting any new connections of cryptocurrency operations to the hydroelectric grid. Finance Minister Cameron Friesen, the minister responsible for Crown-owned Manitoba Hydro, says there will be a 18-month pause pending a review of the industry's energy demands. The technology underpins cryptocurrencies requires a large amount of electricity to run complex financial transactions.

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brandonsun.com broke the news in Brandon, Canada on Monday, November 28, 2022.
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