Kazakhstan Court Limits Crypto-Service Injunction to AIFC Users

A Kazakhstan court has barred Coinbase and five other crypto-service providers from operating without authorization in the Astana International Financial Centre, according to the case summary. The order is limited to users within the AIFC and does not apply across Kazakhstan as a whole.

A geographically limited order

The distinction between the AIFC and the rest of the country is central to the development. The injunctions restrict activity connected to users inside the financial centre, rather than creating a nationwide prohibition on the named platforms or on crypto services generally.

For crypto companies, the order underscores the importance of identifying which local jurisdiction governs a service. A platform’s ability to serve users elsewhere in Kazakhstan is not addressed by the information available on the case. The summary also does not specify the five other companies named in the injunctions or describe the services involved.

What the ruling does — and does not — establish

• The injunctions cover Coinbase and five other crypto-service providers.
• The restrictions apply to users within the Astana International Financial Centre.
• The order does not extend across the rest of Kazakhstan.
• The available information does not identify the other companies or provide additional terms of the court’s order.

The narrow geographic scope means the ruling should not be read as a blanket restriction covering all crypto activity in Kazakhstan. Its immediate relevance is instead tied to services provided to users within the AIFC and to the licensing status of the affected providers there.

Source: Coindesk