Kazakhstan is shifting to limit entry to 6 unlicensed crypto platforms after a court-backed motion by the Astana Monetary Providers Authority (AFSA).
On September 15, the Astana Worldwide Monetary Middle (AIFC) Court docket granted AFSA’s claims towards the operators of BingX, Bitcoin.com, Huobi World (HTX), BitMart, Coinbase and WEEX.
Crypto Licensing Crackdown
The order bars these platforms from offering, providing, or promoting digital asset companies throughout the AIFC with out the required license. It additionally covers the distribution of cell apps used to supply these companies. LBank was initially included within the ruling, however the court docket eliminated it on September 18 after its operator independently blocked entry to its companies in Kazakhstan.
The choice additionally includes Google and Apple, which function the Google Play Retailer and Apple App Retailer. Each firms are topic to the court docket’s order relating to geographic restrictions on entry to the named platforms.
AFSA stated the authorized motion comes after months of efforts to deal with crypto companies working with out authorization. The regulator started issuing written warnings to greater than 20 platforms in 2025, and defined the foundations beneath the AIFC regulatory framework. In early 2026, it took the matter to court docket towards platforms that continued working with out a license.
In keeping with AFSA, 9 crypto platforms voluntarily restricted entry to their apps within the nation by way of the 2 app shops. The regulator then withdrew its claims towards these operators. One other seven platforms stated they supposed to use for an AFSA license to function digital asset buying and selling services. The remaining six are actually topic to the court-ordered restrictions.
Kazakhstan Crypto Market
Kazakhstan launched a digital asset framework in Might, which lined stablecoins, tokenized real-world property and digital variations of conventional monetary devices. The foundations 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 deliver digital property onto native regulated platforms.
Extra just lately, Tether started exploring a stablecoin tied to the Kazakh tenge beneath an settlement with the Nationwide Financial institution of Kazakhstan and Alatau Metropolis 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.
In the meantime, Kazakhstan’s authorities has authorized a 65-measure plan that features as much as $60 million in tokenized Alatau tasks by the tip of 2026.
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