The largest crypto exchange Coinbase is blocked in Kazakhstan due to violations of cryptocurrency laws that came into force earlier this year, the country's government confirmed to local media outlet Kursiv.
- The Law on Digital Assets prohibits the issuance and circulation of “unsecured digital assets” and crypto exchanges offering these assets outside the Astana International Financial Center.
- The government told Kursiv that Coinbase is violating this specific law.
- Kazakhstan quickly introduced cryptocurrency laws targeting exchanges and mining companies following an increase in energy-intensive activities in the country due to a ban in China.
- The Law on Digital Assets prohibits the issuance and circulation of “unsecured digital assets” and crypto exchanges offering these assets outside the Astana International Financial Center.
- The government told Kursiv that Coinbase is violating this specific law.
- Kazakhstan quickly introduced cryptocurrency laws targeting exchanges and mining companies following an increase in energy-intensive activities in the country due to a ban in China.