Canada is joining the European Union's supercomputing network to give Canadian companies, startups, and researchers access to European computing resources for AI development. The partnership aims to strengthen AI cooperation and reduce dependence on US technology. Politico reports: The EU's supercomputing network is run by the EuroHPC Joint Undertaking, an EU public-private vehicle with an 8.2 billion-euro budget. The network consists of 14 supercomputers (some ranked in the global top 10), 19 AI-focused AI factories and 10 quantum computers. The vehicle will also run seven massive AI data center hubs, known as AI gigafactories, set to be built next year with a total investment cost of 30 billion euros. Experts praised a possible EU-Canadian compute power team-up, but warned it's only the start. "Compute cooperation is one of the most obvious short-term 'middle power' cooperation plays in AI," said Anton Leicht, technology and international affairs fellow at Carnegie Endowment for International Peace. But he added that for now "it doesn't put a dent into the actual dependence" on the U.S. "As long as the U.S. builds gigawatt-scale clusters, no amount of cooperation that doesn't result in massive buildouts will help," he said. Canada's engagement in the EU's supercomputer network builds further on Canada's previous partial involvement in the EU's flagship research and development program, Horizon Europe. Horizon Europe partially funds EuroHPC. To date, 38 countries have participated in the EU's supercomputing network: 27 EU member countries plus non-EU countries including Norway, Switzerland, the United Kingdom, Israel and Turkey.

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The U.S. Marine Corps has tested kamikaze drones in Japan, flying Neros Archer one-way attack drones armed with live explosive warheads at Combined Arms Training Center Camp Fuji, at the foot of Mount Fuji, on Oct. 20, 2026, the first time the drone has been used in its live kinetic form at the range. Marines […]

A study commissioned by CCIA Europe, whose members include Amazon, Google, and Meta, estimates that the EU's proposed Cloud and AI Development Act could impose 115 billion euros ($128 billion) in costs over a decade as governments and companies migrate workloads and rewrite software. The figure is more than six times the European Commission's upper estimate. However, roughly 80 billion euros ($89 billion) of it comes from a modeled scenario assuming sovereignty rules are extended to 25% of cloud workloads in essential private-sector industries.The Register reports: The report specifically targets Article 31 of the proposed legislation, which it says could allow the Commission to extend sovereignty requirements into essential private-sector services. CCIA argues that forcing businesses to move away from existing cloud infrastructure could trigger expensive software redevelopment projects, with code rewriting and re-architecting accounting for 69 percent of its estimated costs. Luxembourg would apparently take the biggest hit, with the study putting the cost at 1,711 euros per worker over ten years. Denmark (905 euros), Austria (900 euros), and Finland (864 euros) also face hefty bills, as does Ireland (856 euros), which hosts the European headquarters of several US tech giants. CCIA is urging EU governments to overhaul the proposed legislation, limit sovereignty restrictions to sensitive workloads, and abandon requirements based on corporate origin or personnel nationality in favor of what it calls risk-based technical safeguards. "Member States cannot rely on the Commission's incomplete estimates when deciding CADA's strict sovereignty requirements for cloud and AI providers," said Mitchell Rutledge, CCIA Europe's policy manager. "Taxpayers and businesses will foot the bill, yet the official assessment missed 70 percent of CADA's true impact." For AWS and Google, offering European customers greater control over their data also helps retain business that might otherwise migrate to European competitors. It's a rather convenient arrangement: sell customers sovereignty on one hand, while an industry association representing your interests warns governments against imposing too much of it on the other.

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Bitcoin Magazine

Greece Plans Crypto Capital Gains Tax: Report

Greece is planning a law to tax crypto investors’ capital gains at a rate of 15%, according to reports.

According to Reuters and local media, the country’s Finance Ministry has drafted a bill with the proposal. Greece currently has no legal framework for taxing crypto.

Under the draft, the first €500 (about $580) of crypto gains each year would be exempt.

The bill would tax only the net gain when crypto is sold, after deducting trading fees. Swapping one cryptocurrency for another, such as bitcoin, would not trigger the tax. It would apply only when holdings are converted into euros or another fiat currency, or used to pay for goods and services. 

Investors could carry losses forward against future crypto gains for up to five tax years, and tokens earned through staking or lending would be taxed only when sold.

The rules would apply retroactively from January 1, 2025, meaning gains from last year onward would be declared on tax returns filed in 2027.

The bill is due to be submitted to parliament in November.

Greece follows the EU’s Markets in Crypto-Assets Regulation. The Hellenic Capital Market Commission authorizes and supervises crypto service providers, and the Bank of Greece handles prudential oversight of stablecoin issuers. 

Licensing has been slow: no Greek providers appeared on the EU’s register until September, about two months after MiCA’s transitional period ended on July 1.

Since January 2026, the EU’s DAC8 directive has required crypto exchanges to collect detailed data on their users and transactions and report it to national tax authorities, much like banks already do for ordinary accounts. Greece wrote those rules into national law in May. 

Crypto tax treatment varies widely across the bloc. Rates range from 8% in Cyprus to 30% in France. Some countries are more lenient: Germany exempts crypto held for more than a year, and Portugal does the same after 365 days. 

This post Greece Plans Crypto Capital Gains Tax: Report first appeared on Bitcoin Magazine and is written by Mathew Di Salvo.