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Kazakhstan has blocked local IPs from accessing Coinbase, saying Coinbase violated the Digital Asset Law

On November 7th, according to local news media Kursiv, the Kazakh Ministry of Culture and Information has officially confirmed the blocking of the country's Coinbase website. Since at least September, Kazakh authorities have been preventing local IPs from accessing Coinbase. The country's Ministry of Digital Development accused Coinbase of violating the "Digital Assets Law". The "Digital Assets Law" promulgated in February 2023 prohibits the issuance and trading of digital currencies and cryptocurrency trading businesses without national permission. In principle, approval for operation is granted by the authorities of the Astana International Financial Center (AIFC) in Kazakhstan's economic special zone. Currently, Binance, Bybit, CaspianEx, Biteeu, ATAIX, Upbit, and Xignal&MT have obtained approval from the AIFC Financial Services Regulatory Authority.

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