Kazakhstan’s AIFC court bars Coinbase, BingX and four other exchanges from unlicensed operations

Kazakhstan's AIFC court barred Coinbase, BingX, and four other exchanges from unlicensed operations. The regulatory crackdown could consolidate market power among licensed operators, limiting user options. The ruling targets exchanges operating without proper authorization in the country, potentially reshaping the local crypto landscape and forcing unlicensed platforms to exit or seek compliance.