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.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Russian court fines Coinbase for refusing to localize Russian users' data
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
South Korea plans to issue new guidelines in Q3 to lift ban on institutional cryptocurrency investments
South Korean financial regulatory agency announced on Wednesday that it plans to release comprehensive guidelines for institutional cryptocurrency investments in the third quarter. The Financial Services Commission made this announcement during a meeting with local cryptocurrency industry experts. While investment guidelines for listed companies and professional investors are expected to be introduced in the third quarter, the Financial Services Commission stated that its goal is to release investment guidelines for non-profit organizations and cryptocurrency exchanges in April. The Financial Services Commission first announced in January that it would gradually lift the ban on institutional investors investing in cryptocurrencies. Last month, the regulatory agency revealed that it intends to first allow charities and universities to sell their cryptocurrency assets in the second quarter. The upcoming detailed guidelines further solidify South Korea's shift in stance towards cryptocurrencies, no longer strictly opposing the entry of crypto assets into traditional financial markets. -
Utah Bitcoin Bill Passes State Senate, But Key Provisions Are Deleted
The Bitcoin bill in Utah has passed the state Senate, but the core provisions of the bill have been removed. The provision was originally intended to make Utah the first state in the United States to have its own Bitcoin reserve. The "HB230 Blockchain and Digital Innovation Amendment" bill now only provides basic custody protection to Utah citizens, giving them rights to mine Bitcoin, run nodes, and participate in staking. On March 7, the bill passed with 19 votes in favor, 7 votes against, and 3 abstentions, and will now be sent to Utah Governor Spencer Cox for signature into law. -
Texas Senate Advances Bitcoin Reserve Bill with Bipartisan Support
The Texas Senate has just passed Senate Bill 21 (SB-21) with a huge majority, marking a major step towards integrating digital assets into the national financial system. -
Trump signs executive order establishing White House 2026 World Cup task force
President Trump signed an executive order to establish a special White House 2026 World Cup task force. -
US media: TSMC invests another $100 billion in the US; Trump still considers imposing tariffs on Taiwanese chips
Golden Finance reported that TSMC is investing another billion US dollars in the United States, but the US "Wired" magazine reported on the 4th that an informed source said that this move did not stop the Trump administration from considering imposing potential tariffs of up to 100% on TSMC and other Taiwanese chip factories. The source said that one plan is that the tax objects will not only be Taiwanese chips themselves, but also electronic products such as iPhones equipped with Taiwanese chips. According to Wired magazine, the White House and the US Department of Commerce did not immediately comment, and TSMC declined to comment. (Jinshi) -
Russia’s Ministry of Finance: No plans to add crypto assets to the investment structure of the National Welfare Fund
According to the International News Agency, Russian Deputy Finance Minister Vladimir Kolychev told reporters that the Russian Ministry of Finance does not plan to change the current investment structure of the National Welfare Fund, especially not to include crypto assets - the volatility of crypto assets is too high, and the current level of accumulation in the National Welfare Fund does not allow for consideration of high-risk investments. Kolychev stated that he has not heard of any discussions in Russia about creating a crypto currency strategic reserve similar to the Trump administration's plan. He said: "This is more of a central bank issue. Honestly, I have not heard of such discussions." Kolychev added that it is still too early to discuss the possibility of including crypto assets in the investment structure of the National Welfare Fund. -
South Korea to strengthen anti-money laundering system to tackle new financial and cryptocurrency crimes
On March 5th, the South Korean financial authorities plan to strengthen the Anti-Money Laundering (AML) system to combat new financial crimes including cryptocurrency crimes. The Financial Services Commission (FSC) held a consultation meeting on anti-money laundering inspections on March 5th, and informed relevant institutions of the inspection plan. The FIU will focus on and respond to new money laundering methods, such as illegal activities conducted through virtual accounts and simplified transfers. -
US media: Trump privately said he would insist on imposing tariffs
US President Donald Trump privately stated that he will continue to impose tariffs. US Commerce Secretary Ross said earlier in the day that Trump may reach a middle ground with Canada and Mexico on the tariff issue. Trump's 25% tariff on imports from Mexico and Canada took effect on Tuesday. (Jinshi) -
Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules
Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization
-
Coinbase Chief Legal Officer: US SEC blocks Coinbase’s request to disclose Gary Gensler’s communication documents
Paul Grewal.eth, the Chief Legal Officer of Coinbase, wrote on the X platform that the issues of Chevron and Binance's secondary sales have been clarified, but in Coinbase's lawsuit, the U.S. Securities and Exchange Commission (SEC) has prevented Coinbase from requesting the disclosure of Gary Gensler's communication documents. In March 2021, Gary Gensler told the U.S. Congress that the SEC lacked regulatory authority over digital asset exchanges, confirming the long-held belief among market participants that digital asset trading on these exchanges is not within the jurisdiction of securities law. Coinbase has requested that Gary Gensler provide documents related to these communications because they are related to how the SEC's enforcement actions violate the due process requirements of the Constitution, but the SEC and Gary Gensler are trying to prevent the disclosure of these documents.
Daily Must-Read
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
Crypto Rally Doesn't Hold After Soft Inflation Data
-
Here’s what happened in crypto today
-
THORChain at crossroads: Decentralization clashes with illicit activity
-
YouTuber says SEC will recommend dropping lawsuit over 2018 token ICO
-
Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report
All Comments