🧵 1/3: Conifex Timber loses court battle against BC Hydro, Canadian electric utility, to provide power for its crypto mining operations. Court deems government policy reasonable and not unduly discriminatory. Conifex considering appeal.
🧵 1/3: Conifex Timber loses court battle against BC Hydro, Canadian electric utility, to provide power for its crypto mining operations. Court deems government policy reasonable and not unduly discriminatory. Conifex considering appeal.
🧵 2/3: YouHodler, a Swiss-based Web3 fintech platform, obtains Virtual Asset Service Provider (VASP) registration from the Bank of Spain. Can now offer Web3 financial services to users in Spain, compliant with AML and CTF regulations.
🧵 3/3: BC Hydro's report warned that power demand from crypto mining could hamper clean energy goals. The court ruled in favor of the government's pause on new power connections, citing potential costs and consequences for other customers.
🧵 Read more at: https://cryptonews.com/news/court-rules-against-crypto-mining-company-wont-force-bc-hydro-to-provide-power-more-crypto-news.htm