Kazakhstan tests USD-pegged stablecoin for paying regulatory fees

Hey, imagine paying government fees with digital money! That’s exactly what’s happening in Kazakhstan, where a new pilot program lets companies use USD-pegged stablecoins to cover regulatory costs.

Announced on September 4, 2025, at the Astana Finance Days, this move is turning heads in the financial world. Kazakhstan’s financial regulator, the Astana Financial Services Authority (AFSA), is behind this bold experiment. They’re letting firms in the Astana International Financial Centre (AIFC) pay licensing and supervision fees with stablecoins—digital currencies tied to the U.S. dollar, like Tether or USDC. Why? Because traditional bank transfers can be slow and pricey, especially for businesses already holding digital assets.

The crypto exchange Bybit is the first to jump in, offering a slick QR Pay system to make these payments fast and transparent. It’s rare for a government to embrace crypto so openly. Kazakhstan is aiming to make the AIFC a hotspot for digital finance, and this could be a game-changer. Companies get a cheaper, quicker way to pay, while the country tests how stablecoins fit into real-world regulations. Only licensed digital asset providers can join for now, and they must sign a special agreement with AFSA.

What’s next? If this pilot succeeds, it might inspire other countries to follow the example. Could your taxes one day be paid in crypto? Who knows.

@itswhatsup

Posted Using INLEO