Russian Court Fines Coinbase and Several US Tech Firms for Refusal To Localize Customer Data: Report

The largest US-based crypto exchange is reportedly being ordered to pay a penalty for violating a directive issued by authorities in Russia. In May, the Roskomnadzor, which is in charge of monitoring Russian mass media, issued a directive obliging foreign companies to localize citizens’ data starting July 1st. According to local business newspaper Vedomosti, a...