Kazakhstan’s financial regulator allows you to pay licenses and supervision fees on Stablecoins on the USD page.
Astana Financial Services Authority (AFSA) of Kazakhstan, a designated financial authority for the Astana International Financial Center (AIFC), has launched a project that will allow AIFC members to pay regulatory fees at USD Pegg’s Stablecoins.
Regulators announced Thursday that the project has officially launched at local event Astana Finance Days 2025 and has signed a multilateral memorandum of understanding (MMOU) associated with centralized Crypto Exchange (CEX) Bybit.
“This initiative represents the initial regulatory framework for payments in local stubcoin, according to AFSA CEO Evgeniya Bogdanova, and demonstrates its ambition to position AIFC as a hub for digital finance.
Exchange payments only for Fiat
Currently, companies pay regulatory fees primarily through traditional methods such as bank transfers and traditional methods such as Fiat currencies such as US dollars and Kazakhstanitenge.
“These methods are functional, but often there is limited flexibility for delays, high transaction costs, especially for companies where major Treasury departments hold digital assets,” the representative said.
Using Stablecoins like Tether USDT (USDT) and Circle’s USDC (USDC) offers parties fast, cost-effective and transparent payment options, a Bibit spokesman pointed out.
Participation is subject to eligibility criteria
According to the official AFSA statement, participation in the project requires that the MMOU be signed if it meets the authorities’ eligibility criteria.
Bybit was the first MMOU to be signed during Astana Finance in 2025 by AFSA Bogdanova and Bybit CEO Mazurkazen.
We filled out Astana Finance 2025, where Evgeniya Bogdanova’s AFSA CEO and Bybit CEO Mazurka Zeng signed a stationary MMOU. Source: Source: AIFC
The names of the providers participating in the new project will be made public on the official AFSA website after signing the MMOU, regulators said.
Cointelegraph approached AFSA for comments on the details of the project, including eligibility criteria, but did not receive responses at the time of publication.
Related: ECB President calls on addressing risks from non-EU Stablecoins
The news helped US-regulated crypto custodian Bitgo launch Central Asia’s first spot Bitcoin ETF in August by local company Fonte Capital, amidst the growing momentum of cryptography in Kazakhstan.
Kazakhstan has emerged as a major player in the crypto industry, including cryptocurrency mining. In June, local governments reported that they were studying the concept of state-run crypto sanctuaries that are likely to be funded by digital assets mined or seized by the government.
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