Bybit Kazakhstan Launches Pilot for QR-Based Digital Asset Payments as NBK Sandbox Application Progresses

BitcoinWorld Bybit Kazakhstan Launches Pilot for QR-Based Digital Asset Payments as NBK Sandbox Application Progresses DUBAI, UAE , Sept. 30, 2025 /PRNewswire/ — Bybit Limited (Bybit Kazakhstan), a crypto exchange licensed by the Astana Financial Services Authority (AFSA), formally applied to the National Bank of the Republic of Kazakhstan (NBK) for participation in the special regulatory regime, or sandbox, and has already begun testing its first pilot project for payments with digital assets via QR ￰0￱ Kazakhstan is ready to demonstrate the prototype , supporting Kazakhstan’s plan to test safe, useful and well-supervised digital finance under the central bank’s ￰1￱ the ecosystem with forward-thinking regulators Bybit Kazakhstan is working toward participation in the National Bank of the Republic of Kazakhstan (NBK) and the National Payment Corporation of Kazakhstan sandbox environment for pilot testing where protective measures are a ￰2￱ Kazakhstan’s role is to bring product design, user experience and compliance operations that fit local rules and ￰3￱ work reflects our belief that strong oversight and good product design go hand in ￰4￱ the Pilot Involves Verified users will scan a standard merchant QR code via a POS terminal or during an online purchase and then initiate payment in the Bybit Kazakhstan app using digital ￰5￱ transaction is converted and settled in tenge through local ￰6￱ apply audit-ready reporting, risk limits, and clear user prompts specifically designed for the pilot test ￰7￱ goal is simple: keep the merchant’s process familiar, add protective mechanisms for users, and provide regulators with practical ￰8￱ Principles Security first : applying KYC/AML mechanisms and audit-ready ￰9￱ and speed for ￰10￱ changes for merchants thanks to using standard QR payment ￰11￱ compliance with NBK ￰12￱ Demonstration at Digital Bridge Astana Bybit Kazakhstan will showcase the prototype in a test environment at its booth during Digital Bridge Astana , October 2–4, ￰13￱ demo will reflect both the formal sandbox application and the first pilot testing in ￰14￱ will be able to see real transaction scenarios and review both the technical and compliance aspects onsite. #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, with a global community of over 70 million ￰15￱ in 2018, Bybit has since redefined transparency in the decentralized world and continues to build a simpler, more open, and fairer ecosystem for ￰16￱ maintains strategic partnerships with leading Web3 protocols to provide reliable infrastructure and drive on-chain ￰17￱ exchange is recognized for its secure custodial services, diverse marketplaces, intuitive user interface, and advanced blockchain ￰18￱ bridges the gap between TradFi and DeFi, empowering developers, creators, and enthusiasts to unlock the full potential of ￰19￱ the future of decentralized finance at ￰20￱ Kazakhstan Bybit Kazakhstan is authorized by the financial regulator of the Astana International Financial Centre (AIFC) — the Astana Financial Services Authority (AFSA) — to conduct regulated activities, including operating a digital asset trading platform, providing custodial services, carrying out investment activities as both principal and agent, and managing investments in relation to digital assets under License ￰21￱ license status and validity can be verified on the official AFSA website: ￰22￱ media inquiries, please contact: media@bybit.

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