News Explorer — Kazakhstan's AFSA Launches Pilot Program for Firms to Pay Regulatory Fees With Stablecoins

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Sep 5, 3:51 pm

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Kazakhstan's AFSA Launches Pilot Program for Firms to Pay Regulatory Fees With Stablecoins

The Astana Financial Services Authority (AFSA) in Kazakhstan has initiated a pilot program allowing firms to pay regulatory fees using US dollar-pegged stablecoins, with Bybit being the first participant. This move aims to position Kazakhstan as a regional hub for digital finance innovation.

The Astana Financial Services Authority (AFSA) in Kazakhstan has initiated a pilot program allowing firms to pay regulatory fees using US dollar-pegged stablecoins, with Bybit being the first participant. This move aims to position Kazakhstan as a regional hub for digital finance innovation.

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