The court of Kazakhstan issued a ban on six unlicensed platforms including Coinbase and BingX

The Astana International Financial Centre Court (AIFC) in Kazakhstan has issued an injunction against six unlicensed cryptocurrency platforms, prohibiting them from providing digital asset services locally and expanding access restrictions to app stores. The Astana Financial Services Authority (AFSA) stated on Tuesday that the court made this ruling after the regulatory agency sued the operators of the relevant platforms for providing digital asset services without authorization.

The order dated September 15 specifically named BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase, LBank, and WEEX; an amendment three days later removed LBank from the list, as its operator had blocked access for users in Kazakhstan. Google and Apple, as app store operators, were also included and required to implement geographical access restrictions for the remaining platforms. AFSA stated that users of unlicensed platforms lack the protections that licensed institutions should provide, including asset protection, information disclosure, complaint handling, and dispute resolution. The National Bank of Kazakhstan is responsible for regulating digital asset service providers outside of the AIFC.

AFSA CEO Evgeniya Bogdanova stated that this court ruling is the result of the agency's long-term efforts by its supervision and enforcement team to address the activities of unlicensed crypto platforms that advertise without authorization and provide digital asset-related services in Kazakhstan without permission. AFSA noted that it had issued warnings to over 20 platforms by 2025, with nine voluntarily restricting app access in the country, and seven expressing intent to apply for licenses. The agency has withdrawn its claims against these nine, and the injunction will be enforced against the remaining six. Cointelegraph previously reported that Kazakhstan's financial regulator had blocked nearly 1,000 unregistered cryptocurrency exchanges that were providing services to the country's citizens in 2023.