Crypto Exchange Giant Coinbase Gets The Axe In Kazakhstan's Regulatory Crackdown
Portfolio Pulse from Murtuza Merchant
Kazakhstan's authorities have blocked the website of Coinbase (NASDAQ:COIN), the world's second-largest crypto exchange, due to violations of the country's Digital Assets Law. The block is a response to Coinbase's operations, which are said to contradict the nation's laws on digital assets. This comes as the digital asset sector continues to grapple with regulatory frameworks worldwide.
November 07, 2023 | 10:13 pm
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Coinbase's website has been blocked in Kazakhstan due to violations of the country's Digital Assets Law. This could potentially impact the company's user base and revenue in the region.
The blocking of Coinbase's website in Kazakhstan could potentially reduce the company's user base in the region, which could in turn impact its revenue. Given the ongoing global regulatory challenges for the digital asset sector, this development could also have implications for Coinbase's operations in other jurisdictions.
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