Kazakhstan AIFC court restricts unlicensed services by Coinbase and other 6 platforms

AT A GLANCE

Kazakhstan AIFC The court prohibited unlicensed crypto platforms from providing services locally and required app stores to restrict access.

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[Kazakhstan court issues injunctions against Coinbase, BingX and other unlicensed platforms]

The Astana International Financial Centre Court (AIFC) has issued injunctions against unlicensed cryptocurrency platforms, prohibiting them from providing digital asset services locally and extending access restrictions to app stores. The Astana Financial Services Authority (AFSA) said Tuesday that the court made the rulings after the regulator sued the relevant platform operators for providing digital asset services without authorization.September 15's order specifically names BingX,Bitcoin.com、Huobi Global（HTX）、BitMart、Coinbase, LBank, and WEEX；3 A subsequent amendment removed LBank from the list because its operator had blocked access for users in Kazakhstan. Google and Apple, as app store operators, were also included and must impose geographically based access restrictions on the remaining platforms.AFSA stated that users of unlicensed platforms lack protections that licensed institutions should provide, including asset protection, disclosures, complaint handling, and dispute resolution. The National Bank of Kazakhstan regulates digital asset service providers outside AIFC.AFSA CEO Evgeniya Bogdanova said the court ruling was the result of the institution's long-term, ongoing efforts by its supervision and enforcement teams to address unlicensed crypto platforms' unauthorized advertising and provision of digital asset-related services in Kazakhstan without permission.AFSA said that, in 2025, it had issued warnings to 20 platforms. Of these, voluntarily restricted app access in the country, and expressed an intention to apply for licenses. The institution withdrew its claims against those, and the injunctions will be enforced against the remaining. Cointelegraph Kazakhstan's financial regulator 2023 had previously blocked nearly 1000 cryptocurrency exchanges that were not registered as required but provided services to the country's citizens.

Key points

The Astana International Financial Centre Court in Kazakhstan has issued injunctions against unlicensed cryptocurrency platforms.
The injunctions prohibit the relevant platforms from providing digital asset services locally and extend access restrictions to app stores.
September 15's order specifically names BingX,Bitcoin.com、Huobi Global（HTX）、BitMart、Coinbase, LBank, and WEEX。
3 A subsequent amendment removed LBank from the list because its operator had blocked access for users in Kazakhstan.
Google and Apple, as app store operators, must impose geographically based access restrictions on the remaining platforms.
AFSA stated that, in 2025, it had issued warnings to 20 platforms, of which voluntarily restricted app access in the country and expressed an intention to apply for licenses.
AFSA stated that the injunctions will be enforced against the remaining platforms.
AFSA CEO Evgeniya Bogdanova said the ruling aims to address unlicensed platforms' unauthorized advertising and provision of digital asset-related services without permission.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

This means that the remaining platforms listed in the material cannot provide relevant services locally in Kazakhstan, while Google and Apple have also been required to impose geographically based access restrictions through their app stores. LBank was removed from the list because it had already blocked local users.

Why it matters to readers

Local users may no longer be able to access services through the relevant platforms or app stores.AFSA also stated that users of unlicensed platforms lack protections such as asset protection, disclosures, complaint handling, and dispute resolution.

Beginners should check whether the platform they use holds a local license and whether app access, asset protection, and complaint channels are affected.

Risks and unknowns

The material does not provide AIFC the original link to the court order or AFSA statement, so the specific legal text and scope of enforcement cannot be verified.
September 15 The years of the order and the subsequent 3 amendment are not expressly stated in the text.
The text does not state whether Google, Apple, and the remaining six platforms have completed geographic restrictions.
The text does not state whether the platforms involved will apply for licenses, file appeals, or announce arrangements for users.
In the final sentence, the attribution relationship between “Cointelegraph” and the statement concerning Kazakhstan’s financial regulator is unclear.

Kazakhstan AIFC court restricts unlicensed services by Coinbase and other 6 platforms

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