Kazakhstan reportedly blocks access to Coinbase

[ad_1]

Kazakhstani officials say U.S. cryptocurrency exchange Coinbase violated local laws.

Cryptocurrency exchange Coinbase has been blocked in Kazakhstan as the country attempts to force all trading companies to comply with the local regulatory environment.

according to a Report According to local news outlet Kursiv, authorities restricted access to Coinbase after the Ministry of Culture and Information of the Republic of Kazakhstan received a notification from the Ministry of Digital Development.

The latest accusation is that Coinbase violated local digital asset laws, which came into effect in February 2023 and require cryptocurrency trading companies to obtain a license from the Astana International Financial Center (AIFC). As Kursiv noted, cryptocurrency exchanges such as Binance, Upbit, and Bybit have obtained licenses and provide services in the region.

In addition to Coinbase, Kazakhstan also banned the New York Mercantile Exchange and American multinational brokerage Interactive Brokers.

As of press time, Coinbase has not issued a public statement on the matter.

Crypto.news was unable to immediately verify the report, but has learned that Coinbase no longer appears to provide a list of supported countries on its website.

Kazakhstan Reportedly Blocks Access to Coinbase - 1
Coinbase Help | Source: Coinbase

While a link to the supported countries page is still visible on the help center page, it redirects to the exchange’s homepage, making it unclear in which regions Coinbase can offer its services.


Follow us on Google News

[ad_2]

Source link

Related Posts

NEAR and Polygon collaborate on zero-knowledge proof innovation

[ad_1] The NEAR Foundation has partnered with Polygon Labs to develop zkWASM, a cutting-edge zero-knowledge solution that enhances the interoperability and security of WASM chains. The NEAR…

Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance

[ad_1] Amazon, Olympus challenges OpenAI, Microsoft’s AI dominance AmazonThe world’s largest online retail and technology provider, through its web services arm AWS (Amazon Web Services), recently revealed…

Financial giant Fidelity responds to 9 common misconceptions and criticisms about Bitcoin

[ad_1] Financial services giant Fidelity has addressed nine common criticisms and misconceptions about Bitcoin, highlighting that some of them are “unfounded or unlikely to be…

Third-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Lyft reports: Third-quarter profits down, revenue up Investing.com – Lyft (NASDAQ: ) on Wednesday reported third-quarter results that missed analysts’ expectations and revenue that beat…

CEHV partners say future uncertain during Genesis shutdown

[ad_1] Many analysts are speculating on the outcome of the spot Bitcoin ETF race, and CEHV partner Adam Cochran shared his views in a Nov. 8 X…

Second-quarter profits lower, revenue higher, according to Investing.com

[ad_1] ©Reuters. Take-Two reports: Second-quarter profits fall, revenue rises Investing.com – Take-Two (NASDAQ: ) on Wednesday reported second-quarter results that missed analysts’ expectations and revenue that beat…

Trả lời

Email của bạn sẽ không được hiển thị công khai. Các trường bắt buộc được đánh dấu *