Russian court fines Coinbase for refusing to localize Russian users' data
Coinbase, a crypto exchange, has been fined 1 million rubles ($11,000) by a Russian court for failing to localize Russian users' data within the country. This is part of a trend of Russia imposing fines on international technology companies for various violations, seen by some as an attempt to gain more control over the internet. Other companies that have been fined for similar reasons include Google, Apple, Spotify, WhatsApp, Airbnb, Zoom, and Telegram. Russia's internet and communications regulator, Roskomnadzor, had ordered foreign internet companies to localize Russian users' data by July 1, and around 600 companies had complied by that deadline.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Name Service and Para Wallet Make It Easier to Acquire ENS Names
Ethereum Prepares for Pectra Upgrade Launch: Will ETH Rise?
Analysts: U.S. auto tariffs reduce chances of Bank of Japan rate hike in May
A trader spent 3.12 SOL to buy Ghibli and currently has a profit of more than 125 times
Trending news
MoreCrypto prices
More








