Court injunctions restricting unlicensed exchanges allow authorized platforms such as Binance Kazakhstan and Bybit Kazakhstan to capture Kazakh crypto traders moving away from prohibited venues

Overview Debates Related claims Topics Sources

Acquiring a licensed local entity provides Bitget a regulated operational foundation in Thailand rather than building a new platform from scratch or operating an unlicensed foreign service

Kazakh authorities restricted access to Coinbase in 2023 for regulatory non-compliance, while Kazakhstan's Financial Monitoring Agency blocked access to nearly 1,000 unregistered crypto exchanges in 2023

The Astana Financial Services Authority issued warnings to more than 20 cryptocurrency platforms regarding Astana International Financial Centre regulatory compliance rules during 2025

Kazakh cryptocurrency traders transitioning to authorized platforms must complete required onboarding and identity verification procedures mandated by local regulators

Seven cryptocurrency platforms indicated to the Astana Financial Services Authority that they intended to seek formal licenses to operate in Kazakhstan

The AIFC court initially named exchange operator LBank in its September 15, 2026 ruling before issuing a variation order on September 18, 2026 to remove LBank after it blocked user access in Kazakhstan

Nine cryptocurrency platforms voluntarily blocked app access for users in Kazakhstan, prompting the Astana Financial Services Authority to withdraw its court claims against those operators

The September 15, 2026 AIFC court order covers app-store operators Google and Apple to enforce geographic restrictions on access to the six unlicensed crypto platforms—Coinbase, BingX, Bitcoin.com, HTX, BitMart and WEEX—in Kazakhstan

Kazakhstan's 2023 Law on Digital Assets mandates that only entities authorized and licensed within the Astana International Financial Centre are permitted to carry out activities involving unsecured digital assets

Exchanges Binance Kazakhstan and Bybit Kazakhstan operate as authorized digital asset service providers within the Astana International Financial Centre regulatory framework

GMO-Z.com Cryptonomics operates Z.com EX, which launched in February 2021 and is registered on Thailand's Securities and Exchange Commission list of licensed digital asset exchange operators

A September 15, 2026 AIFC court injunction barred Coinbase, BingX, Bitcoin.com, HTX, BitMart, and WEEX from operating, while holding them jointly liable for approximately KZT 2 million in legal costs

Completion of Bitget's proposed acquisition of GMO-Z.com Cryptonomics and Bitget's subsequent platform launch in Thailand are subject to obtaining regulatory approval for the change of control from Thai authorities

Kazakhstan's National Bank oversees digital asset service providers operating outside the Astana International Financial Centre

The Hyperliquid Policy Center urged the SEC to make federal preemption of state securities registration requirements permanent after a project exits or meets the proposed Safe Harbor conditions.

The Hyperliquid Policy Center warned that expiring federal immunity would subject mature crypto projects to registration demands across more than 50 individual state jurisdictions, increasing compliance burdens.

Cryptocurrency exchange BingX joined the European Union's Markets in Crypto-Assets register through its Austrian subsidiary MEGE zweite GmbH after receiving authorization from Austria's Financial Market Authority on October 13, 2026.

BingX EU Chief Executive Officer Daniel Lai stated that obtaining MiCA authorization provides a regulatory framework as BingX prepares to launch regulated digital asset services across 29 European Economic Area markets.

BingX's Austrian MiCA license covers four specific services: custody and administration of crypto-assets, exchanges between crypto-assets and funds, exchanges between different crypto-assets, and transfer services.

Bitget listed Thailand, Russia, Belarus, and Kazakhstan as prohibited jurisdictions in its updated October 16, 2026 terms of use, but its proposed acquisition of GMO-Z.com Cryptonomics offers a legal route to serve Thai users upon regulatory approval