PANews reported on October 21 that according to Bloomberg, the energy department of British Columbia (BC), Canada, has proposed legislation to give priority to resource-based projects (mining, natural gas, etc.) in grid connection, saying that AI data centers increase the risk of electricity costs; BC Hydro plans to launch a two-year bidding process in early 2026 to allocate 300 megawatts for AI and 100 megawatts for general data centers, with no upper limit on industrial electricity use (mining, oil and gas, manufacturing, forestry, and hydrogen energy); new crypto mining connections frozen since 2022 will be permanently banned; at the same time, the North Coast transmission line will be exempted from licenses to speed up the connection of large projects, and the grid connection queuing and guarantee rules will be modified to allow multiple customers to provide financial guarantees.PANews reported on October 21 that according to Bloomberg, the energy department of British Columbia (BC), Canada, has proposed legislation to give priority to resource-based projects (mining, natural gas, etc.) in grid connection, saying that AI data centers increase the risk of electricity costs; BC Hydro plans to launch a two-year bidding process in early 2026 to allocate 300 megawatts for AI and 100 megawatts for general data centers, with no upper limit on industrial electricity use (mining, oil and gas, manufacturing, forestry, and hydrogen energy); new crypto mining connections frozen since 2022 will be permanently banned; at the same time, the North Coast transmission line will be exempted from licenses to speed up the connection of large projects, and the grid connection queuing and guarantee rules will be modified to allow multiple customers to provide financial guarantees.

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more