Bybit Kazakhstan and the Astana Financial Services Authority (AFSA) announced a strategic partnership that enables participants of the Astana International Financial Centre (AIFC) to pay regulatory fees using U.S. dollar-pegged stablecoins.
Discussion of the Agreement
The agreement signed at the Astana Finance Days conference facilitates a more efficient and transparent fee payment system. Bybit will provide AFSA with the Bybit QR Pay solution and a dedicated stablecoin wallet for processing payments.
Comments from Executives
Mazurka Zeng, COO of Bybit, stated: "I am deeply impressed by the open and forward-looking environment that AFSA has created for crypto payments." AFSA CEO Evgeniya Bogdanova commented: "Stablecoins are reshaping global finance, and their acceptance allows AIFC to be faster and more modern".
Kazakhstan's Role in Crypto Finance
This partnership reinforces Kazakhstan's position as a leader in regulated digital finance, showcasing Bybit's commitment to compliant innovation that bridges traditional finance with the digital asset economy.
The collaboration between Bybit and AFSA opens new opportunities for using stablecoins in regulatory processes and emphasizes Kazakhstan's role as an important hub for crypto finance.
