Kazakhstan Permits Regulatory Fee Payments in Stablecoins
Kazakhstan allows regulatory fee payments in stablecoins.
The Astana Financial Services Authority (AFSA) has launched an initiative allowing organisations registered with the AIFC to pay regulatory fees in stablecoins pegged to the US dollar.
Regulatory fees are charged to market traders and are used to cover the costs of rule-making and supervision.
According to a press release, Bybit Limited became the first to sign a Memorandum of Understanding during the Astana Finance Days 2025 conference. Other digital asset service providers may also join the project.
They will act as agents on behalf of each payer intending to cover AFSA’s regulatory fees using stablecoins. The executor of the operation must convert the cryptocurrency into fiat and deposit the funds into the Authority’s account.
“This initiative represents the first regulatory framework for payments in ‘stablecoins’ in the region, demonstrating Kazakhstan’s ambition to position the AIFC as a hub for digital finance and innovation, while aligning with global trends in stablecoin adoption,” stated AFSA CEO Yevgeniya Bogdanova.
Over 4,000 companies from more than 80 countries are registered with the AIFC. These firms provide banking, insurance, investment, trading, and other services.
Back in August, trading commenced for the first spot Bitcoin ETF in Central Asia under the ticker BETF.
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