Citing data storage violations, India blocks Mastercard from onboarding new customers – TechCrunch
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Hello and welcome to Daily Crunch for July 14, 2021. We have a jam-packed newsletter for you today, so we’re getting something out of the way up top. We’ve covered India’s technology regulatory market often in recent weeks. Why? Because the Indian startup scene is crazy busy. How India’s government handles the boom is going to be critical for a host of founders, investors and workers.
In that vein, the latest chapter in the story involves Mastercard, which just got blocked from onboarding new users. Why? Per our reporting, “noncompliance with local data storage rules.” Data rules, you will recall, are a big part of the changing regulatory world for Chinese startups as well. Something to keep an eye on! —