Canada based energy regulatory Régie de l’énergie is introducing new rules for cryptocurrency users. As per the new regulations, power company Hydro-Quebec has to allocate 300 megawatts (MW) of energy to the blockchain industry. This allocation will be adding up with the pre-allocation of 158 MW and 210 MW power. This previous power allocation comes from Hydro-Quebec and municipal distributors respectively. The introduction of new rules for cryptocurrency users comes from an official statement from Hydro-Quebec.

In order to enjoy the extra allocation of power, the companies have to go through a selection process. This process will have four criteria such as direct jobs created in Quebec, total payroll, the value of investments and heat recovery.

Canada is one of the nations which is at the forefront of blockchain usage. It’s also getting ahead with practical implementations. The city of Ontario is trying out a system which will allow the citizens to pay property tax with bitcoins. Soon, the system may also support other cryptocurrencies like Ethereum, Ripple, Litecoin, etc.