₦airaland Forum

KRSWon:
These people are grouping Buhari, a president of a supposed democracy, with the likes Putin, Kim Jong Un, Xi Jinping and Lukashenko, and we're supposed to clap?

At least Xi has the good economy, which Buhari doesn't have.

sammyj:
They are and please be mature enough to stop this unnecessary insult

sammyj:
OP is just trying to justify tyranny. Putin rules a communist country and not under democracy. Please don't compare Lie and Buhari's ideology with Russia !!!

Russian President Vladimir Putin on Thursday signed a law that mandates foreign tech companies, including social media giants, to open physical offices in his country.

The development is part of moves by Russian authorities to strengthen their control over the internet and to reduce dependence on foreign companies and countries.

Alexander Khinshtein, head of the information policy and IT committee at the State Duma, Russia’s lower house of parliament, said the law applies to internet giants with a daily audience of at least 500,000 people in Russia.

The new law, which takes effect in January 2022, will affect 20 companies, including Facebook and Twitter, both owned by Americans.

The social media platforms operate in Russia but none of them currently has offices there.

According to the law, if the affected companies fail to establish physical offices or open separate Russian business entities, they could face penalties including advertising bans.

“A foreign entity, carrying out activities on the internet in Russia, is obliged to create a branch, open an office or establish a Russian legal entity,” the law says.

Putin had on Wednesday said Russia was not planning to block any foreign social media sites, but that he hopes Russian social networks would provide opportunities for creative and talented people to thrive.

“We don’t intend to block anyone, we want to work with them, but there are problems, which lie in the fact that they send us away when they do not comply with our demands and Russian law,” Putin said.

The Petroleum Industry Bill has been passed into law by the House of Representatives.

The lawmakers passed the bill after consideration of the report of the ad hoc committee chaired by Mohammed Monguno.

Following the clause by clause consideration on the report at the committee of the whole, it was passed.

The session was presided over by the Deputy Speaker, Idris Wase.

MrMcJay:
While crypto may be anonymous, firms offering crypto trading services cannot insist on on anonymity of parties to transactions. AML/CFT rules still apply in the jurisdictions you do business and if you want to stay in business, comply.

Another thing is that the founder of Binance is Chinese, lives in Taiwan. That alone can be a factor, considering international politics and interests.