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Kazakhstan takes crypto regulation to court: ban in AIFC for Coinbase, HTX and 4 exchanges

The AFSA regulator reported on October 20 that the court of the Astana International Financial Centre (AIFC) has banned six crypto platforms from providing and advertising services with digital assets without a license. The ban applies within the financial centre and is not nationwide.

Kazakhstan takes crypto regulation to court: ban in AIFC for Coinbase, HTX and 4 exchanges

What matters in 30 seconds

30 SEC
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    The AFSA regulator reported on October 20 that the court of the Astana International Financial Centre (AIFC) has banned six crypto platforms from providing and advertising services with digital assets without a license.

  • 02

    The ban applies within the financial centre and is not nationwide.

  • 03

    The list includes six platforms: Coinbase, Huobi Global (HTX), BingX, Bitcoin.com, BitMart and WEEX.

  • 04

    The decision was issued on September 15; initially there were seven platforms: LBank was removed from the case on September 18 after it independently closed access to its services in Kazakhstan.

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    The exchanges' global operations are not banned, and client assets are not frozen.

There are six platforms on the list: Coinbase, Huobi Global (HTX), BingX, Bitcoin.com, BitMart and WEEX. The ruling was issued on September 15; initially there were seven platforms: LBank was removed from the case on September 18 after it itself closed access to its services in Kazakhstan. Under the clarified ruling, the operators pay jointly and severally about 1.995 million tenge in court costs.

The distribution of mobile applications is also restricted: the ruling is ordered to be sent to Google and Apple, which may mean targeted app store blocks by geography.

The AFSA campaign has been ongoing since 2025. First, written warnings to more than 20 platforms about AIFC licensing requirements, and in early 2026 - lawsuits against those who continued to operate without permission. Nine platforms voluntarily closed access, and the claims against them were dropped; another seven stated they would obtain a license. The remaining six received a court injunction. AFSA head Yevgeniya Bogdanova called this the result of lengthy supervisory work against unlicensed services and their advertising.

Context: the digital assets law was adopted in February 2023 and created a separate regime for licensed crypto companies within the AIFC; outside it, supervision follows national rules. Since May 2026, AFSA has coordinated supervision with the National Bank of Kazakhstan.

The exchanges' global operations are not prohibited, and client assets are not frozen. But the court explicitly stated: clients of unlicensed platforms have no protection for asset custody, disclosure, complaints and dispute resolution. Whether these six will pursue a license has not yet been announced.

Looking again for where you're accepted?

Regulatory decisions trigger the same race every time: check the app, withdraw funds, pass verification on a new platform. The race takes weeks, and the amount you trade is exactly the same afterward. In prop trading, the company provides you with the trading notional: first a paid test account, then access to its capital and a share of the profit. It, not you, holds the platform, the instruments and the risk rules. This scheme is easier to understand on a calm day than on the day of another ban.

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Kazakhstan takes crypto regulation to court: ban in AIFC for Coinbase, HTX and 4 exchanges | PropMarketCap