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Kazakhstan Court Bars Coinbase and 5 Crypto Platforms
Kazakhstan's Astana Financial Services Authority (AFSA) has issued a court ruling barring Coinbase and five other crypto platforms from providing digital asset services in the Astana International Financial Centre (AIFC) without proper licenses. The platforms affected include BingX, Bitcoin.com, Huobi Global, BitMart, and WEEX. LBank was initially included but was later removed. The ruling, effective since September 15, requires the platforms to obtain licenses to operate in the AIFC or face geographic restrictions enforced by Apple and Google through their app stores. AFSA also warns about safety concerns such as weak security, poor anti-money laundering checks, and potential misuse of personal account data.