The post AFSA introduces stablecoin for taxes and licenses in the AIFC appeared on BitcoinEthereumNews.com.

The Astana Financial Services Authority (AFSA) opens a new payment channel for taxes and licenses in the Astana International Financial Centre, allowing the use of dollar-pegged stablecoins to settle regulatory fees. The initiative, recently presented during the Astana Finance Days 2025 event Astana Finance Days, aims to streamline flows, reduce costs, and send a positive political signal to the global market. The news was confirmed in the official statement on September 5, 2025, published by PR Newswire and in the institutional updates published by AFSA. According to the data collected by AFSA and the statement from September 5, 2025, the pilot phase was launched with Bybit Kazakhstan and includes the acceptance of stablecoins like USDT and USDC for AIFC fees. Industry analysts monitoring the evolution of payment infrastructures note that settlement times could decrease from 48–120 hours (T+2/T+5) to less than 15 minutes in on‑chain mode, with a reduction in transaction costs that can reach up to 90% compared to traditional cross‑border transfers, depending on the network and congestion. News: tax payments and AFSA licenses with stablecoin USD (such as USDT and USDC) currently in pilot phase. Partner: Bybit Kazakhstan is the first signatory of a multilateral memorandum of understanding (MMoU) with AFSA for the acceptance infrastructure, as confirmed by PR Newswire. Impact: settlement times are reduced from days to minutes, ensuring greater transparency and lower operational costs. The Announcement: AIFC Tests Regulatory Payments in Stablecoin The AFSA has launched a project that allows members of the Astana International Financial Centre (AIFC) to settle fees and licenses using dollar-pegged stablecoins. The first agreement, established with a multilateral memorandum of understanding (MMoU) signed by AFSA and Bybit Kazakhstan, paves the way for the acceptance of assets like USDT and USDC within the regulatory framework of the AIFC. How it works: providers…

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Filed under: News - @ September 5, 2025 8:29 pm