Kazakhstan court orders restrictions on Coinbase, BingX and four others

Kazakhstan’s Astana International Financial Centre Court has issued injunctions against six cryptocurrency platforms, including Coinbase and BingX for carrying out unlicensed activity. Summary 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 (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. However, LBank was subsequently removed from the order after its operato...