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Crypto Exchange Giant Coinbase Gets The Axe In Kazakhstan's Regulatory Crackdown

Kazakhstan’s authorities have confirmed the blocking of the website of Coinbase (NASDAQ: COIN), the world’s second-largest crypto exchange.

Kazakhstan Blocks Coinbase: The block is a direct response to the company’s operations, which are said to contradict the nation’s laws on digital assets, according to a Kursiv Media report.

This development comes as the digital asset sector continues to grapple with regulatory frameworks worldwide, a topic that will be addressed at the upcoming Benzinga's Future of Digital Assets conference on Nov. 14, where experts will discuss the implications of such regulatory actions and the future of cryptocurrency operations.

The Ministry of Culture and Information of Kazakhstan attributed the block to violations of the country's Digital Assets Law, specifically citing a clause that prohibits the issuance ...

Full story available on Benzinga.com


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