Kazakhstan court orders curbs on Coinbase, BingX and four others

A Kazakhstan AIFC court has ordered restrictions on Coinbase, BingX, and four other crypto exchanges for conducting unlicensed operations. Meanwhile, nine additional platforms voluntarily restricted their app access within the country, leading the regulator to withdraw claims against them. This regulatory crackdown on unlicensed crypto exchanges may consolidate market power among licensed operators, potentially limiting options for users. The legal actions aim to ensure all digital asset trading platforms comply with national licensing requirements.