Report: US Crypto Exchange Coinbase Fined for Refusing to Localize Russian Users' Data – Bitcoin News
November 18, 2023
The U.S. cryptocurrency exchange Coinbase was recently hit with a fine exceeding $11,000 by a Russian court. The fine stems from the crypto exchange’s refusal to comply with a law that requires foreign companies to localize data of their respective Russian users or customers.
Localizing Databases of Russian Users
A court in Russia recently imposed a fine of just over $11,000 on the U.S.