According to Cointelegraph, a Kazakhstani court issued an order limiting the operations of Coinbase, BingX and four additional cryptocurrency platforms within the country. The decision came amid regulatory action targeting certain digital asset services.
Nine other crypto platforms chose to voluntarily restrict access to their applications in Kazakhstan. In response to this voluntary action, regulators withdrew formal claims against those nine platforms. No details were provided regarding the timing of the withdrawal or specific conditions applied to the restricted platforms.
The court’s order specifically named Coinbase, BingX and four unnamed crypto services. The move reflects ongoing regulatory scrutiny of digital asset providers operating in Kazakhstan. Authorities indicated the restrictions aim to address compliance concerns related to local operations.
