Overview

• AFSA launched an operational pilot allowing eligible AIFC participants to pay licensing and supervision fees in USD‑pegged stablecoins.
• The program debuted at Astana Finance Days under a multilateral memorandum that governs cooperation with designated agents.
• Participation is restricted to Digital Asset Service Providers already licensed by AFSA to offer money services related to digital assets or to operate a trading facility.
• Bybit Kazakhstan signed first as agent, supplying QR Pay and a dedicated stablecoin wallet to invoice, settle on‑chain, convert to fiat, and remit to AFSA’s bank account.
• The pilot follows AFSA’s 2024 stablecoin framework and sits alongside the central bank’s digital tenge pilot slated for full rollout in 2025.