Stablecoin

ASTANA, Kazakhstan, September 5th, 2025, Chainwire 
<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.kz/">Bybit Kazakhstan</a> (Bybit Limited), a subsidiary of Bybit - the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic collaboration with the <a target="_blank" rel="noopener noreferrer nofollow">Astana Financial Services Authority</a> (AFSA) to enable participants of the <a target="_blank" rel="noopener noreferrer nofollow">Astana International Financial Centre</a> (AIFC) to pay regulatory fees using U.S. dollar–pegged stablecoins.
This initiative follows AFSA’s announcement of a pioneering framework that allows licensed digital asset service providers to act as agents for settling regulatory fees via stablecoins. Bybit Limited proudly became the first signatory of the multilateral memorandum of understanding (MMoU), underscoring the exchange’s trusted status as a compliant, innovative partner in Kazakhstan’s rapidly evolving digital finance ecosystem.
The agreement, announced during the <a target="_blank" rel="noopener noreferrer nofollow" href="https://astanafindays.org/">Astana Finance Days</a> conference, expands the AIFC’s payment ecosystem. Under the agreement, Bybit Kazakhstan will provide AFSA with a customized Bybit QR Pay solution and a dedicated stablecoin wallet for invoicing, offering both efficiency and transparency in the process.
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 Mazurka Zeng, Chief Operating Officer at Bybit said, “As an AFSA-licensed AIFC member, I’m deeply impressed by the open and forward-looking environment that AFSA has created for crypto payments, and the leadership it demonstrates in positioning AIFC as a true crypto hub. AFSA’s initiative in leading pilot projects like this is especially encouraging, as it motivates us to actively participate and contribute to such innovations. With our Crypto Ark vision, we are committed to combining this supportive environment with our vision to deliver frictionless, secure, and convenient services — shaping one of the most important advancements in the global crypto landscape.”
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 AFSA Chief Executive Officer Evgeniya Bogdanova commented, “Stablecoins are reshaping global finance, and by accepting regulatory fees in USD-pegged stablecoins we make the AIFC faster, more open, and firmly connected to the future — offering participants a modern, reliable way to grow within a trusted regulatory framework.”
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This partnership reinforces Kazakhstan’s role as a frontrunner in regulated digital finance and showcases Bybit’s commitment to supporting compliant innovation that bridges traditional finance and the digital asset economy.
<img src="https://app.chainwire.org/storage/uploads/images/WD7eNa5_1757009434RwzXYMvFew.jpeg">From left to right:&nbsp;Evgeniya Bogdanova, AFSA Chief Executive Officer and Mazurka Zeng, Chief Operating Officer at Bybit signed the MMoU at Astana Finance Days, Sept. 4, 2025.
#Bybit / #TheCryptoArk / #BybitKazakhstan
About Bybit Kazakhstan (Bybit Limited)
Bybit Kazakhstan is an AIFC Participant licensed by AFSA to operate a Digital Asset Trading Facility and provide Money Services in relation to Digital Assets. Bybit Kazakhstan develops compliant infrastructure to support institutions and enterprises engaging with digital assets in Kazakhstan.&nbsp;
<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.kz">www.bybit.kz</a>&nbsp;
About AFSA
The Astana Financial Services Authority (AFSA) is the independent regulator of financial services and related activities in the AIFC. AFSA’s mandate is to foster a fair, transparent and efficient financial centre aligned with international standards.
<a target="_blank" rel="noopener noreferrer nofollow">www.afsa.kz</a>&nbsp;&nbsp; 
<h5>Contact</h5>Head of PR Tony Au Bybit tony.au@bybit.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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