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That is why I totally support the proposed regulation by Central Bank of India (RBI) to mandate STORAGE of all financial transaction of Indian customers within

That is why I totally support the proposed regulation by Central Bank of India (RBI) to mandate STORAGE of all financial transaction of Indian customers within India ONLY [1]. VISA & MASTERCARD are pushing for "At least one local copy is enough to comply law enforcement requests." NO. If they find India to be a nonviable business opportunity to them with latest Indian regulations, there are plenty local players full capable and compliant. As long as market is OPEN to all, there is no harm introducing "Financial data on local servers only" regulations. [1]https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/rbi-wants-local-data-to-be-stored-in-india-raises-fresh-concerns-about-safety/articleshow/63637739.cms https://economictimes.indiatimes.com/small-biz/startups/news...

mooneater 8y ago
Maybe a small improvement, but in 2018 changing the physical location of data does not of course keep it safe.
- kevin_b_er 8y ago
  As Microsoft could not guarantee the storage of data stays in India, they'd be ineligible to do such business in India if Indian regulations are kept abreast that no US corporation can possibly guarantee such data remains within the country due to US govt.
- blihp 8y ago
  It's not about ensuring safety, it's about ensuring jurisdiction.
52-6F-62 8y ago
AFAIK, Canada does this. It's not unheard-of.
themihai 8y ago
Ok, and what would prevent Microsoft from granting access to the NSA and then NSA transferring the data with or "without" the consent from Microsoft? In the worse/best case scenario Microsoft could let itself "hacked" by NSA.
- dsfyu404ed 8y ago
  That's a large improvement over the status quo because it turns what is currently above the table behavior by the NSA (or whoever) to behavior they have to conceal and Microsoft (or whoever) has an incentive to close security holes because they don't know if it's the NSA or someone else who might be using them.
Eridrus 8y ago
It's not clear that data location matters when courts are determining whether they have jurisdiction.

mooneater 8y ago

Maybe a small improvement, but in 2018 changing the physical location of data does not of course keep it safe.

kevin_b_er 8y ago
As Microsoft could not guarantee the storage of data stays in India, they'd be ineligible to do such business in India if Indian regulations are kept abreast that no US corporation can possibly guarantee such data remains within the country due to US govt.
blihp 8y ago
It's not about ensuring safety, it's about ensuring jurisdiction.

52-6F-62 8y ago

AFAIK, Canada does this. It's not unheard-of.

themihai 8y ago

Ok, and what would prevent Microsoft from granting access to the NSA and then NSA transferring the data with or "without" the consent from Microsoft? In the worse/best case scenario Microsoft could let itself "hacked" by NSA.

dsfyu404ed 8y ago
That's a large improvement over the status quo because it turns what is currently above the table behavior by the NSA (or whoever) to behavior they have to conceal and Microsoft (or whoever) has an incentive to close security holes because they don't know if it's the NSA or someone else who might be using them.

Eridrus 8y ago

It's not clear that data location matters when courts are determining whether they have jurisdiction.