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Bybit Kazakhstan and AFSA Launch Innovative Payments with Stablecoins

Bybit Kazakhstan and AFSA Launch Innovative Payments with Stablecoins

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by Giorgi Kostiuk

2 days ago


Bybit Kazakhstan has announced a collaboration with the Astana Financial Services Authority (AFSA) to enable payments of regulatory fees using stablecoins.

Collaboration between Bybit and AFSA

The agreement between Bybit Kazakhstan and AFSA was announced during the Astana Finance Days conference. Bybit proudly became the first signatory of the multilateral memorandum of understanding, highlighting its reliability and innovation in Kazakhstan.

Technological Solutions for Stable Payments

Under the agreement, Bybit will provide AFSA with a QR payment solution and a dedicated stablecoin wallet, ensuring efficiency and transparency in the fee payment process.

The Future of Digital Finance in Kazakhstan

This initiative reinforces Kazakhstan's position as a leader in regulated digital finance and showcases Bybit's commitment to supporting innovations that bridge traditional finance with the digital economy.

The collaboration between Bybit Kazakhstan and AFSA opens new opportunities for market participants, allowing them to adapt to modern conditions using stablecoins.

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