TLDR:
- Bybit Kazakhstan and AFSA now allow AIFC participants to settle regulatory fees with USD-pegged stablecoins.
- The move follows AFSA’s new framework that lets digital asset providers act as agents for stablecoin settlements.
- Bybit became the first signatory of the MMoU at Astana Finance Days, reinforcing its compliant crypto role.
- The partnership brings efficiency through Bybit QR Pay and a dedicated stablecoin wallet for fee transactions.
The rules of digital finance are shifting once more. Kazakhstan has now opened the door to regulated stablecoin payments. Bybit Kazakhstan and the Astana Financial Services Authority (AFSA) are working together to make this happen.
Their agreement allows participants in the Astana International Financial Centre (AIFC) to pay regulatory fees using U.S. dollar–pegged stablecoins. It’s a move that connects crypto utility directly with financial oversight.
Stablecoin Payments Integrated Into AIFC Fee System
According to a press release shared by Bybit, the collaboration builds on AFSA’s new framework for digital asset providers. This framework gives licensed service providers permission to act as agents for regulatory fee payments via stablecoins.
Bybit Kazakhstan quickly became the first exchange to sign the multilateral memorandum of understanding that launched the system.
The deal was unveiled during Astana Finance Days, a gathering that often sets the tone for Kazakhstan’s financial sector. Bybit announced that it would deliver a customized Bybit QR Pay solution alongside a dedicated stablecoin wallet for AFSA. That setup is designed to handle invoicing, provide transparency, and reduce manual processes.
Mazurka Zeng, Chief Operating Officer at Bybit, described the step as a milestone.
She said it reflected AFSA’s forward-looking approach while showing confidence in Bybit’s ability to handle compliant and secure solutions. Her remarks framed the partnership as part of building a working structure for stablecoin-based finance.
AFSA’s Chief Executive Officer Evgeniya Bogdanova added that stablecoins are changing financial systems worldwide. She explained that allowing fee payments in USD-pegged stablecoins would make AIFC faster and more accessible for businesses.
Bybit Kazakhstan and AFSA Pioneer Stablecoin Payments for AIFC Regulatory Fees
Mazurka Zeng, Chief Operating Officer at Bybit said, “Bybit Kazakhstan is honored to stand alongside AFSA in shaping a regulatory-first model for stablecoin adoption for AIFC Regulatory Fees”
This… pic.twitter.com/9V04JXeu2h
— Bybit (@Bybit_Official) September 5, 2025
Kazakhstan Strengthens Position in Regulated Crypto Finance
The move has placed Kazakhstan among countries actively weaving stablecoins into regulated payment channels. AFSA and Bybit are aiming for efficiency while keeping compliance front and center. The combination brings a controlled use of crypto in a way that fits existing financial rules.
Bybit Kazakhstan is handling the technical layer through QR-based payments and the secure stablecoin wallet. The model could reduce friction for entrepreneurs and institutions who want faster settlement options without leaving a regulated space.
For participants at the AIFC, it provides another payment choice that ties directly into blockchain infrastructure.
The partnership also signals a deeper role for stablecoins in regional financial ecosystems. AFSA emphasized that creating reliable digital payment methods is now part of modern regulatory practice.
The link between compliance and crypto utility is what gives this system weight in Kazakhstan’s financial landscape.
With Bybit already one of the largest exchanges globally by trading volume, its local arm in Kazakhstan has secured a central role in this shift. The cooperation shows how exchanges and regulators can align on digital asset usage in formal markets