Kazakhstan court orders restrictions on Coinbase, BingX and four others

cryptonews10-20 20:03

Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity. Summary ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2676693670?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-20 20:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2676693670","market":"us","top_or_hot":-1,"title":"Kazakhstan court orders restrictions on Coinbase, BingX and four others","media":"cryptonews","content":"<div>\n<p>Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/kazakhstan-court-orders-restrictions-on-coinbase-bingx-and-four-others/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kazakhstan court orders restrictions on Coinbase, BingX and four others</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKazakhstan court orders restrictions on Coinbase, BingX and four others\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-20 20:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/kazakhstan-court-orders-restrictions-on-coinbase-bingx-and-four-others/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity.\n\n\nSummary\n\n\n\n...</p>\n\n<a href=\"https://crypto.news/kazakhstan-court-orders-restrictions-on-coinbase-bingx-and-four-others/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://crypto.news/kazakhstan-court-orders-restrictions-on-coinbase-bingx-and-four-others/","article_id":"2676693670","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/kazakhstan-court-orders-restrictions-on-coinbase-bingx-and-four-others/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2676693670","pubTimestamp":1792497817,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity.Kazakhstan’s AIFC Court has issued injunctions against Coinbase, BingX, HTX, BitMart, Bitcoin.com and WEEX for offering digital asset services without the required authorization.Google and Apple have been brought under the court order, with the regulator preparing to enforce geographic restrictions on the six platforms’ mobile applications.LBank was initially named in the proceedings but was removed from the injunctions after independently restricting access to its services in Kazakhstan.AFSA said nine other crypto platforms voluntarily restricted their applications, while seven expressed interest in obtaining regulatory licenses.According to the Astana Financial Services Authority , the court issued its original judgment on Sept. 15 against the operators of BingX, Bitcoin.com, Huobi Global , BitMart, Coi","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"哈萨克斯坦法院下令限制 Coinbase、BingX 和其他四家公司","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/22cbaaeeb2d822e87c0c40b6d2b31bcf","symbols_score_info":{"ICOI":0.6,"BLCK":0.6,"COYY":0.6,"COIN":1.92,"COII":0.6,"COIO":0.6,"CONI":0.6,"COIG":0.6,"CONL":0.6,"FINX":0.6,"09711":0.6,"FDIG":0.6,"CONX":0.6,"09311":0.6,"CONY":0.6,"IBLC":0.6,"COIW":0.6,"COIX":0.6,"07711":0.6,"FIAT":0.6,"07311":0.6,"COIA":0.6},"content_text":"Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity.\n\n\nSummary\n\n\n\nKazakhstan’s AIFC Court has issued injunctions against Coinbase, BingX, HTX, BitMart, Bitcoin.com and WEEX for offering digital asset services without the required authorization.\nGoogle and Apple have been brought under the court order, with the regulator preparing to enforce geographic restrictions on the six platforms’ mobile applications.\nLBank was initially named in the proceedings but was removed from the injunctions after independently restricting access to its services in Kazakhstan.\nAFSA said nine other crypto platforms voluntarily restricted their applications, while seven expressed interest in obtaining regulatory licenses.\n\n\n\nAccording to the Astana Financial Services Authority (AFSA), the court issued its original judgment on Sept. 15 against the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank and WEEX after the regulator initiated legal proceedings over their unlicensed activities.\nHowever, LBank was subsequently removed from the order after its operator independently restricted access to its services in Kazakhstan. The court amended its judgment on Sept. 18, leaving six platforms subject to the injunctions.\nThe restrictions cover providing, offering and advertising digital asset services within the AIFC without the required license, along with distributing mobile applications intended to provide those services.\nGoogle and Apple have been brought within the scope of the court order as app store operators, with AFSA preparing to send the relevant documents to both companies to enforce geographic access restrictions.\nGoogle and Apple ordered to restrict crypto apps\nThe six platform operators are also prohibited from providing unauthorized digital asset services within the AIFC or to users located in its territory.\nAlongside restricting trading services, the court has prohibited the platforms from advertising their offerings and distributing mobile applications through app stores without the required authorization.\nThe six operators will also have to pay approximately 1.995 million Kazakhstani tenge in legal costs and court fees.\nAFSA did not disclose whether the six platforms have ceased all operations across Kazakhstan, and the court’s restrictions specifically concern unauthorized services within the AIFC and access through the relevant application stores.\nAFSA began warning unlicensed crypto platforms in 2025\nAccording to AFSA chief executive Evgeniya Bogdanova, the injunctions were issued after a lengthy enforcement process that began with written warnings to cryptocurrency companies dating back to 2025.\nThe regulator contacted more than 20 platforms during that period to explain the licensing requirements applicable to digital asset services and inform operators about the restrictions on advertising and serving customers without authorization, per Bogdanova.\nHowever, when some platforms continued operating without the necessary permission, AFSA took the matter to the AIFC Court in early 2026.\n“This Court decision is the result of extensive and consistent efforts by AFSA’s Supervision and Enforcement teams,” Bogdanova added.\nDuring the enforcement process, nine platforms voluntarily restricted access to their applications in Kazakhstan through Google Play and Apple’s App Store, prompting AFSA to withdraw its claims against those operators.\nAnother seven platforms informed the regulator that they intended to obtain licenses to operate digital asset trading facilities. AFSA did not identify those applicants in the announcement or confirm whether any had subsequently received authorization.\nThe regulator’s concerns were not limited to whether exchanges had obtained permission to operate. In its judgment, the court addressed the compliance obligations that licensed businesses must meet, including customer identification, anti-money laundering controls, counterterrorist financing measures and ongoing regulatory supervision.\nLicensed operators incur costs to meet those requirements, while companies offering comparable services without authorization can avoid the same regulatory expenses, according to the court.\nAFSA has also warned that customers using unlicensed platforms do not receive the safeguards required of licensed firms, including protections concerning asset custody, information disclosure, complaint handling and dispute resolution.\nThe authority has been working with the National Bank of Kazakhstan since May 2026 to address unauthorized activity in the digital asset industry.\nKazakhstan has already blocked more than 1,100 crypto platforms\nKazakhstan’s latest court action follows a series of measures taken by national authorities to crack down on cryptocurrency platforms operating without the required licenses.\nIn January 2026, it was reported that Kazakhstan had blocked access to more than 1,100 unlicensed cryptocurrency exchange platforms over the past year.\nEfforts to clamp down on unlicensed cryptocurrency businesses have involved several national financial authorities, with enforcement measures targeting illegal over the counter trading operations and platforms suspected of facilitating financial crimes.\nIn April, AFSA turned its attention to several well known cryptocurrency exchanges, naming HTX, OKX, Bitget and MEXC in an April 29 warning that reminded operators of the need to obtain regulatory approval before offering digital asset services in the country.\nUsers who want to check whether a cryptocurrency business is authorized to operate under the AIFC framework can consult AFSA’s public register, which lists licensed companies and the digital asset services they have permission to provide.\n\n\n\n\n\n                Read more:\n            \n\n                Is Sui price correction over? Analysts identify key levels to watch","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2676693670","isCrawlerRequest":true}