Bybit Kazakhstan and the Astana Financial Services Authority (AFSA) have announced a strategic collaboration allowing participants in the Astana International Financial Centre (AIFC) to pay regulatory fees using stablecoins.
Bybit and AFSA Collaboration
Bybit Kazakhstan, a subsidiary of one of the world's largest cryptocurrency exchanges, has signed a multilateral memorandum of understanding with AFSA. This highlights Bybit's status as a reliable partner in Kazakhstan's digital finance sector.
New Opportunities for AIFC Participants
The initiative allows for the use of USD-pegged stablecoins to settle regulatory fees. Bybit will also provide AFSA with a specialized QR Pay solution and a stablecoin wallet, enhancing efficiency and transparency.
Kazakhstan's Role in the Digital Economy
This partnership reinforces Kazakhstan's position as a leader in regulated digital finance. AFSA and Bybit are working together to establish a modern and reliable infrastructure for growth in the financial sector.
The agreement between Bybit and AFSA emphasizes a commitment to innovation and the development of a favorable environment for digital assets in Kazakhstan.
