TREE NEWS update: Kazakhstan’s Astana International Financial Centre (AIFC) regulator will serve injunctions against Coinbase, HTX and four other unlicensed platforms to Apple and Google after a court declined to order the tech companies directly. The injunctions were won against the six platforms for operating without a license. The regulator is now turning to the app store operators to enforce the orders.
Kazakhstan AIFC Regulator to Serve Injunctions on Coinbase, HTX via Apple and Google
AI take
Routing enforcement through app store operators marks a shift from targeting exchanges directly to pressuring their distribution channels, a tactic with broader reach than court orders against the platforms themselves. For users in Kazakhstan, the practical effect depends on whether Apple and Google act on the injunctions, which the court did not compel. The open question is whether this becomes a template for other regulators seeking leverage over unlicensed venues without direct jurisdiction over them.
Generated by AI for reference only.
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