Kazakhstan finance regulators have allowed license and administration fees to be paid to USD-Pegged Stablecoins.
The Astana Financial Services Authority of Kazakhstan (AFSA), a designated financial authority for the Astana International Financial Center (AIFC), has launched a project that enables AIFC members to pay USD-Pegged regulations regulatory fees Stablecoins.
The regulator announced On Thursday the project was officially launched at the local event Astana Finance Days 2025, which signed a related multilateral memorandum of understanding (MMOU) with a centralized crypto exchange (CEX) bybit.
“This initiative represents a first-of-its-kind regulatory framework for payments to Stablecoins in the region, signed Kazakhstan’s ambition to position AIFC as a hub for digital finance (…),” AFSA CEO Evgeniya Bogdanova said.
Replacing Fiat only payments
Currently, companies pay regulatory fees especially through traditional methods such as bank transfer and wire payment to Fiat money Like the US dollar and Kazakhstani Tenge, a spokesman for Bybit told Cointelegraph.
“These methods work but often involve delays, high transaction costs and limited flexibility, especially for companies whose basic treasure is held in digital possession,” the representative said.
To stablecoins like Tether USDT (USDT) or USDC of the Circle (USDC), the parties have been given a quick, efficient cost, and transparent payment option, the Bybit spokesperson said.
Participation is subject to the standard of qualitation
According to the official statement from the AFSA, the participation of the project requires the signing of an MMOU, subject to responding to the authority’s qualities.
Bybit became the inaugural signatory of the MMOU, signed during AFSA’s Bogdanova’s Astana Finance Days 2025 and bybit CEO Mazurka Zeng.
The names of the providers participating in the new project will be published on the official AFSA website after signing an MMOU, the regulator said.
Cointelegraph approached the AFSA for a comment on project details, including eligibility standards, but did not receive a response at the time of publication.
Related: ECB president calls to meet risks from non -EU stablecoins
The news came in the middle of the crypto getting momentum in Kazakhstan, with the US-regulated crypto custodian bitgo helping to launch the The first place of Central Asia Bitcoin ETF of local Fonte Capital company in August.
Kazakhstan has emerged as a major player in the crypto industry, including cryptocurrency mining. In June, local authorities also reported Study the concept of a State Crypto reserveProbably funded by digital assets mined or seized by the government.
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