Coinbase fined $11,000 in Russia for data localization violations
Coinbase has been fined 1 million rubles (nearly $11,000) by a Moscow court for failing to localize the data of Russian customers, on the grounds that it did not comply with regulations protecting the personal information of Russian users. It is reported that this violation is attributed to Coinbase's European subsidiary, Coinbase Ireland Ltd. In addition, Airbnb was fined 6 million rubles ($65,000) for the same violation, UPS was fined 3 million rubles, and Spotify was fined 6 million rubles. In response, Coinbase's Chief Legal Officer, Paul Grewal, stated that Coinbase still insists on not localizing customer data in Russia.
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