Coin

<ul class="news-points"> 
 <li>A Russian court fined Coinbase $10,848 for not localizing Russian citizens’ data.</li> 
 <li>Similar fines were imposed on Zoom, Telegram, Spotify, Apple, WhatsApp, and Google.</li> 
 <li>The penalties follow a directive requiring foreign services to localize Russian user data, with approximately 600 companies complying.</li> 
</ul> 
<a href="https://www.vedomosti.ru/business/news/2023/11/09/1004903-dannie" target="_blank" rel="nofollow">According to Russian media</a>, a Moscow magistrate court has imposed fines on the US-based crypto exchange Coinbase. Specifically, the court levied one million rubles or $10,848 on Coinbase for the firm’s failure to localize the data of Russian citizens within the Russian Federation.&nbsp; 
Per the report, <a href="https://coinedition.com/kazakhstan-bans-coinbase-for-breaking-digital-assets-law/">Coinbase</a> was found guilty of administrative offenses under Part 8 of Art. 13.11 of the Russian Federation’s Code of Administrative Offenses. This particular article pertains to the failure of data operators to ensure the recording, systematization, accumulation, and storage of personal data of Russian citizens within the country.&nbsp; 
Moreover, the report noted that the imposed fines were the minimum for such offenses, with potential penalties reaching six million rubles or&nbsp;$65,090. 
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The post <a href="https://coinedition.com/coinbase-joins-apple-google-zoom-in-russias-sanctioned-list/">Coinbase Joins Apple, Google, Zoom in Russia’s Sanctioned List</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Coinbase Joins Apple, Google, Zoom in Russia’s Sanctioned List

Coin Edition

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