@makerbymistake Any time you deny a company the right to do business in your country, you have that effect. The alternative is to allow it to continue, even if it insists on defying your laws. The latter does not seem like a good idea, if you oppose oligarchy and support the universal application of the rule of law.
@pieist why fine the users?
@makerbymistake If X refused to comply with one or more required Internet technical standards, the common carriers and network providers could and probably should stop routing its traffic. Would those carriers be punishing X's users?