regulation and policy

Coinbase website goes unreachable for some users after court-ordered block

0Importance
closedStatus
3News media
4Pieces
Published

Taiwan moved to restrict access to Coinbase and Kalshi websites in connection with election-betting concerns, and one report also says Coinbase became unreachable for some users after a court-ordered block. The actions place both platforms in the middle of separate access restrictions tied to those concerns.

Key claims & sources

✓
Coinbase’s website became unreachable for some users after a court-ordered block.
✓
Taiwan blocked the Coinbase and Kalshi websites over election-betting concerns.
✓
A court-backed access restriction in Taiwan was reported for the Coinbase and Kalshi websites in connection with suspected election betting.

What it means

People trying to reach Coinbase or Kalshi in Taiwan are the ones who notice this immediately, because access to both sites was blocked there. The restriction is visible today as a barrier to opening the websites rather than as a change to the services themselves.

Before this, the sites could be reached by users in the normal way; after the action, access in Taiwan was limited for the domains named in the reports. What stays the same is that the underlying platforms are still being discussed in relation to election betting, and the reports do not say that the services themselves were shut down everywhere. (per cryptobriefing.com)

Market reaction i

Total crypto marketall crypto assets combined no single asset in the event: read against the whole market
first headline
-0.1% 2 h before
-0.2% 4 h after
$2.8Tmarket cap at publication
12data points

Coverage timeline

Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.

first
Oct 14 22:25
+20 h 58 m
Oct 15 19:23
Crypto Briefing echo
No new facts: prioritizing, innovation, highlights
+1 d 3 h
Oct 16 01:30
AMBCrypto echo
No new facts: restriction, navigates, reported
+1 d 7 h
Oct 16 05:36
crypto.news echo
No new facts: authorities, investigate, violations

Has this happened before?

WhenWhat happenedFigure
25 days ago Crypto PACs report $2.7M spending blitz on House races as midterms loom event 1 actors in common · 2 news media
26 days ago Coinbase CEO Backs SEC Proposals to Broaden Retail Access to Private Markets event 1 actors in common · 2 news media
29 days ago Coinbase Will Halt Sports Prediction Contracts In Michigan After State Deal event 1 actors in common · 3 news media
32 days ago Fairshake plans $6m push for six US House candidates event 1 actors in common · 2 news media
32 days ago CFTC opens path for true perpetual futures on US regulated exchanges event 1 actors in common · 2 news media