Kazakhstan Targets Coinbase via Apple and Google in Fresh Crypto Crackdown

Summary

• AIFC targets unlicensed exchanges via Apple and Google
• Injunctions limited to Astana financial centre
• Six platforms affected including Coinbase

Kazakhstan's Astana Financial Services Authority will serve Apple and Google with injunctions. It targets Coinbase plus five other crypto platforms. The move backs recent AIFC court orders that block unlicensed crypto services in the Astana International Financial Centre.

The regulator wants to limit mobile access in that zone via the app stores.

Context

Kazakhstan crypto rules have zeroed in on the AIFC as a hub. The Astana International Financial Centre uses its own laws separate from the country.

Recent rulings direct the AFSA to pressure app stores.

Details

The orders name six platforms. They include Coinbase, BingX and four more exchanges. Court papers show the bans stay inside AIFC lines only.

"AIFC court barred Coinbase, BingX and others from offering unlicensed crypto services."

, CoinDesk (Source)

AFSA officials will send the papers to Apple and Google soon. Other regulators have used this tactic to force compliance.

Outlook

Regulators plan to check app store compliance ahead. Exchanges will see if they can get AIFC licenses. The bans won't hit users outside the zone for now.