Coinbase and HTX Among Six Crypto Platforms Facing Restrictions in Kazakhstan
Kazakhstan is transferring to limit entry to 6 unlicensed crypto platforms after a court-backed motion by the Astana Financial Services Authority (AFSA).
On September 15, the Astana International Financial Center (AIFC) Court granted AFSA’s claims towards the operators of BingX, Bitcoin.com, Huobi Global (HTX), BitMart, Coinbase and WEEX.
Crypto Licensing Crackdown
The order bars these platforms from offering, providing, or promoting digital asset providers throughout the AIFC with out the required license. It additionally covers the distribution of cellular apps used to supply these providers. LBank was initially included in the ruling, however the court docket eliminated it on September 18 after its operator independently blocked entry to its providers in Kazakhstan.
The choice additionally involves Google and Apple, which function the Google Play Store and Apple App Store. Both corporations are topic to the court docket’s order relating to geographic restrictions on entry to the named platforms.
AFSA mentioned the authorized motion comes after months of efforts to deal with crypto providers working with out authorization. The regulator started issuing written warnings to greater than 20 platforms in 2025, and defined the foundations below the AIFC regulatory framework. In early 2026, it took the matter to court docket towards platforms that continued working and not using a license.
According to AFSA, 9 crypto platforms voluntarily restricted entry to their apps in the nation via the 2 app shops. The regulator then withdrew its claims towards these operators. Another seven platforms mentioned they supposed to use for an AFSA license to function digital asset buying and selling amenities. The remaining six at the moment are topic to the court-ordered restrictions.
Kazakhstan Crypto Market
Kazakhstan launched a digital asset framework in May, which lined stablecoins, tokenized real-world belongings and digital variations of conventional monetary devices. The guidelines additionally set necessities for exchanges and different service suppliers. Two months later, President Kassym-Jomart Tokayev signed a decree to develop the business additional. The plans embrace regulated stablecoins for some cross-border funds, tokenized securities in addition to incentives to convey digital belongings onto native regulated platforms.
More lately, Tether started exploring a stablecoin tied to the Kazakh tenge below an settlement with the National Bank of Kazakhstan and Alatau City authorities. As reported by CryptoPotato earlier this month, the events will research issuance fashions and put together a pilot proposal. No issuer, blockchain, or launch date has been introduced.
Meanwhile, Kazakhstan’s authorities has authorised a 65-measure plan that features as much as $60 million in tokenized Alatau tasks by the tip of 2026.
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