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Re:India bans MasterCard from adding new customers by dec0dedab0de on Wednesday July 14, 2021 @02:42PM (#27836730)
Storing data encryped in north korea, with the capability to fetch and decrypt that data in Sweden, is approximately equivalent to storing the unencrypted data in Sweden

Not if there is rate limiting, or other means of preventing the entire set of data being dumped. That is to say, storing it encrypted makes it harder to get the full set of data. Though, I guess in practice the client application would likely be able to request all of the data from storage.

Re:India bans MasterCard from adding new customers by sameerds on Wednesday July 14, 2021 @11:42PM (#27841174)
And the whole point of cornering data at rest is that your client can "no longer access it". It's not about the authorities being able to decrypt that data. It's about hurting your business by making it difficult to continue operations.