Kazakhstan’s AFSA To Adopt Stablecoins for Regulatory Fees

Financial organizers in Kazakhstan allowed supervision fees and supervision fees at Stablecoins in US dollars.

The Astana Financial Services in Kazakhstan (AFSA), a financial authority dedicated to the Astana International Financial Center (AIFC), launched a project that enables AIFC members to pay organizational fees at Stablecoins USD-PEGCED.

Organizer Declare On Thursday, the project was officially launched at the local event, Astana Finance Days 2025, and a multilateral note related to understanding (MMOU) signed with Bybit Cherpto Cherpto (CEX).

“This initiative represents a regulatory framework of its kind to pay in Stablecoins in the region, indicating the ambition of Kazakhstan in AIFC mode as a digital finance center (…),” said AFSA Evgeniya Bogdanova.

Replace Fiat payments only

Currently, companies are mainly paid organizational fees through traditional methods such as bank transfers and currency payments in Fiat currencies such as the US dollar and Kazakhsan Ting, BYBIT spokesman for Cointelgraph.

The actor said: “These methods are functional, but they often include delays, costs of high transactions and limited flexibility, especially for companies that hold the basic treasury in digital assets.”

With Stablecoins such as Tether Usdt (USDT) or Circle’s USDC (USDC), the limbs are provided with a fast, cost -effective and transparent payment option.

Participation is subject to eligibility standards

According to the official statement issued by AFSA, the participation of the project requires the signature of MMOU, taking into account the fulfillment of the eligibility standards of power.

Bybit has become the opening signature of MMOU, which was signed during the days of Astana Finance 2025 by AFSA’s Bogdanova and CEO of bybit Mazurka Zeng.

The organizer said that the names of the service providers participating in the new project will be published on the official AFSA website after the signing of MMOU.

CointeleGRAph is approaching AFSA to comment regarding the project details, including eligibility standards, but he did not receive a response at the time of publication.

Jesse Knutson, Head of Operations at BITFINEX Securities – has been working in Kazakhstan since 2021 – Cointelgraph that the AFSA project shows how central Stablecoins like USDT to develop symbolic financial markets. “

“FSA led the road by becoming one of the first people to develop a regulatory system for issuing and inserting symbolic securities, and they are once again an engine first to accept USDT and others as a currency that can be guided by its organizational fees,” Knutson said.

Related to: The President of the European Central Bank calls for risk treatment of Stablecoins other than the European Union

The news came amid the acquisition of momentum in Kazakhstan, where Crypto CRUSSO CREDGO, which was organized in the United States, helps the launch of the first points by Bitcoin ETF in Central Asia by the local FME CAPITAL in August.

Kazakhstan has emerged as a major player in the encryption industry, including cryptocurrency mining. In June, the local authorities also mentioned the study of the concept of state encryption reserves, which is likely to be funded by the digital assets that were extracted or seized by the government.

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