Canada has rolled out its controversial Digital Services Tax targeting major US tech companies, sparking fresh tensions in ongoing US-Canada trade negotiations. The 3% tax applies to global tech giants with over C$1.1B in revenue.
Cryptocurrency exchange Coinbase has received registration in Ontario as a limited dealer under the Canadian Securities Administrators (CSA), allowing the platform to increase its presence outside the U.S. as it faces regulatory challenges in its home market.
Crypto miner Hut 8 is closing its Bitcoin mining site in Drumheller, Alberta due to elevated power prices and voltage problems despite the facility accounting for just 1.4% of its total hash rate.
