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A comment on India bans MasterCard from adding new customers. Parent comment

Re:India bans MasterCard from adding new customers by phoe-krk on Wednesday July 14, 2021 @11:00AM (#27833803)
> I'd much rather store properly encrypted personal information or financial data in North Korea than storing it unencrypted in my home country.

What do you mean by "properly encrypted"? MasterCard is not going to let you be the sole holder of your encryption keys. And if you aren't holding them, then they they hold it, and then they must be holding in at least one given country. And that country has the power to force them to turn these keys over.

The power to do this is the goal of this game.

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Re:India bans MasterCard from adding new customers by kspacewalk2 on Wednesday July 14, 2021 @12:15PM (#27834753)
That country already has the power to force them to turn these keys over (or use the keys to decrypt data of interest). Every non-tax-haven country which regulates its financial sector does (so, every country). It's unclear what is added by forcing them to store data locally.
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Re:India bans MasterCard from adding new customers by phoe-krk on Wednesday July 14, 2021 @05:48PM (#27838843)
In most cases you can't easily tell that company to hand over data that is held in another country though.
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