Kazakhstan Regulator Secures Court Injunctions Against…
By Karthik Subramanian
AI summary of the source article
The Astana Financial Services Authority secured court injunctions prohibiting six cryptocurrency platforms, including Coinbase and HTX, from offering or advertising unauthorized services in the financial centre. The order also restricts their mobile app distribution.
Why it matters
The court emphasized that "unauthorized operators undermine the AIFC's regulatory framework and create unfair competition for licensed businesses."
Key facts
- The AIFC Court prohibited Coinbase, HTX, BingX, Bitcoin.com, BitMart, and WEEX from operating or advertising without authorization within the financial centre.
- The court directed that its order be served on Google and Apple to potentially restrict app distribution.
- The six platform operators are jointly and severally liable for approximately 1.995 million Kazakhstani tenge in legal costs.
Source excerpt · FinanceFeeds
Kazakhstan's Astana Financial Services Authority (AFSA) has announced court injunctions against six cryptocurrency platforms, including Coinbase and HTX, as part of an enforcement campaign targeting unauthorized digital asset services. In an October 20, 2026 announcement, the regulator confirmed that the Astana International Financial Centre (AIFC) Court had prohibited the operators of Coinbase, H…