🔥 Burn Fat Fast. Discover How! 💪

Kazakhstan Confirms Official Block of Coinbase Website Amid On | Crypto Mountains

Kazakhstan Confirms Official Block of Coinbase Website Amid Ongoing Restrictions

The Ministry of Culture and Information of the Republic of Kazakhstan has officially confirmed that it blocked access to the Coinbase website in the country, citing violations of the country’s new digital assets law.

According to a report from November 7 by the local news outlet Kursiv, Kazakhstan stated that the order to block Coinbase’s website came from the Ministry of Digital Development after Coinbase was accused of violating the Law of Digital Assets.

This move follows earlier reports of access difficulties to Coinbase from local IP addresses, which emerged in September. During this period, various sources noted that not only Coinbase but also other major international cryptocurrency exchanges, including Kraken, were subject to access restrictions within Kazakhstan.

The Ministry of Digital Development in Kazakhstan has accused Coinbase of violating the country’s Law on Digital Assets, which was enacted in February 2023. Specifically, Coinbase’s cryptocurrency trading activities were deemed to contradict Article 11, Clause 5 of the law, which prohibits the issuance and trading of digital currencies without a national license.