Reported 2 days ago
Kazakhstan has made a significant move in cryptocurrency adoption by allowing the use of U.S. dollar-pegged stablecoins for regulatory fee payments, marking a first in the region. The Astana Financial Services Authority (AFSA) introduced a framework enabling firms within the Astana International Financial Centre (AIFC) to settle fees using stablecoins like USDT and USDC, facilitated by Digital Asset Service Providers. This initiative reflects Kazakhstan's ambition to establish a digital finance hub while ensuring regulatory oversight as it expands its digital assets sector.
Source: YAHOO