A Kazakhstan court has banned Coinbase and six other centralized crypto exchanges (CEXs) from conducting unlicensed operations in the Astana International Financial Center.
1 hours ago
The Astana International Financial Centre (AIFC) Court in Kazakhstan has, at the request of financial regulators, issued an injunction against six centralized crypto exchanges (CEXs) including Coinbase, BingX, Bitcoin.com and WEEX, banning these platforms from providing or promoting unlicensed digital asset services and distributing related mobile applications within the financial centre. The injunction only applies to the AIFC and its users, not a nationwide trading ban across Kazakhstan. The AIFC operates under an independent legal framework and regulatory body, requiring crypto firms to obtain appropriate licenses to offer services within its jurisdiction. The court order also covers app store operators like Apple and Google, but no separate injunction has been issued to the two companies for now, with regulators required to first consult them. LBank, which was previously part of the legal proceedings, was removed from the case on September 18 after it blocked service access within Kazakhstan. The Astana Financial Services Authority (AFSA) noted that the relevant law enforcement actions started in 2025, with warnings initially sent to more than 20 crypto platforms.
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