Kazakhstan AIFC Court Bars Coinbase, Five Other Exchanges From Unlicensed Services
JH Kim
Summary
- Kazakhstan’s AIFC Court has banned Coinbase, HTX, BingX, BitMart, Bitcoin.com and WEEX from providing unlicensed services.
- The measure targets virtual-asset (cryptocurrency) exchange services offered without the required local authorization in Kazakhstan.
- The court also ordered app store access restrictions for the exchanges’ applications.
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Kazakhstan’s Astana International Financial Centre Court has barred six cryptocurrency exchanges, including Coinbase, from providing unlicensed services. It also ordered app store restrictions on their related applications.
On October 20, the AIFC Court issued an order banning Coinbase, HTX, BingX, BitMart, Bitcoin.com and WEEX from offering unlicensed virtual-asset services.
The measure targets virtual-asset services provided without the required local authorization in Kazakhstan.
The court also ordered restrictions on app store access for the exchanges’ applications.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.