Hydro-Quebec has submitted to the Quebec government the main guidance to select crypto companies to work with.
Reports this week erroneously suggested that Quebec's Chief Scientist dismissed concerns about the illicit usage of bitcoin, his office said.
Quebec is temporarily suspending new cryptomining operations from setting up facilities in its low-cost power region.
Hydro-Quebec may charge an industry-specific rate to crypto mining farms to deal with overwhelming demand for Quebec's cheap energy resources.
Cheap and abundant electricity, cold weather and a stable political climate are making the Canadian province attractive to bitcoin mining operators.
A Canadian court ruled against the organizer of an ICO after it was alleged that they repeatedly violated orders to cease soliciting investors.
An ICO startup has been accepted into Quebec's regulatory sandbox, demonstrating how regulators there want to accommodate the burgeoning industry.