KAZAKHSTAN’S AFSA LAUNCHES PILOT TO LET FIRMS PAY REGULATORY FEES IN USD STABLECOINS Kazakhstan’s financial regulator AFSA has launched a pilot that allows companies to pay license and supervision fees in USD-pegged stablecoins like USDT and USDC. Bybit Kazakhstan is the first participant, providing a QR Pay solution and stablecoin wallet to process the payments. The move aims to speed up settlements and cut cross-border costs.
KAZAKHSTAN’S FONTE CAPITAL APPROVED TO LAUNCH CENTRAL ASIA’S FIRST SPOT BITCOIN ETF Kazakhstan’s Fonte Capital has received approval to launch Central Asia’s first spot Bitcoin ETF, with trading scheduled to begin tomorrow. The move marks a significant milestone for the region’s crypto market, potentially opening the door for greater institutional participation in Bitcoin. Source: @BitcoinMagazine
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