Bybit Kazakhstan Showcases First-Ever QR-Based Crypto Payment at Digital Bridge 2025

BitcoinWorld Bybit Kazakhstan Showcases First-Ever QR-Based Crypto Payment at Digital Bridge 2025 Astana, Kazakhstan, October 16th, 2025, Chainwire Crypto payments enter Kazakhstan’s financial ecosystem Bybit Limited (Bybit Kazakhstan) , a subsidiary of Bybit — the world’s second-largest cryptocurrency exchange by trading volume — and licensed by the Astana Financial Services Authority (AFSA), introduced a new stage in the development of digital finance in Kazakhstan at Central Eurasia’s largest international tech forum, Digital Bridge ￰1￱ for Everyday Transactions: QR Payments in the National Sandbox In partnership with the National Payment Corporation of the National Bank of the Republic of Kazakhstan, Bybit Kazakhstan showcased a demonstration of QR-based crypto payments in a test environment as part of its upcoming participation in the National Bank’s regulatory ￰2￱ Bybit Pay, users can scan a standard merchant QR code and make purchases directly from their crypto wallets, with payments automatically converted into the national currency — the tenge (KZT).

“This is where digital assets become part of daily life,” said Mazurka Zeng , Executive Director of Fiat & Pay at Bybit. “Kazakhstan is one of the first countries in the world where you will be able to use a single wallet to pay for your morning coffee and much more over ￰3￱ is a real step toward financial inclusion powered by blockchain technology.” The initiative reflects Kazakhstan’s ambition to safely integrate its payment infrastructure with the national financial ￰4￱ launched within the sandbox, QR crypto payments will be available in partner merchant locations, further strengthening the role of digital assets in Kazakhstan’s financial ￰5￱ in Stablecoin Utility: First-Ever Regulatory Fee Paid via QR Pay Alongside consumer payments, Bybit Kazakhstan also achieved a regulatory ￰6￱ a special side event of Digital Bridge 2025, organized by Bybit Kazakhstan, SkyBridge Digital Finance Ltd. , a licensed participant of the AIFC FinTech Lab, successfully executed the country’s first-ever regulatory fee payment in stablecoins using the Bybit QR Pay ￰7￱ Kazakhstan acted as the designated provider, converting the stablecoin payment into fiat for direct remittance to AFSA — marking a historic milestone in compliant crypto utility within Kazakhstan’s regulated financial ecosystem.

“Our collaboration with AFSA and SkyBridge proves that digital finance innovation can coexist with strong regulatory oversight,” said Ablaikhan Aubakir , Country Manager at Bybit Kazakhstan. “Executing the first stablecoin-based fee payment bridges compliance with convenience and sets a precedent for future institutional adoption.” “The acceptance of our first fee in stablecoins marks a significant milestone toward a future-oriented financial ￰8￱ highlights AFSA’s commitment to driving innovation and establishing secure, transparent, and adaptive regulatory frameworks that evolve with the pace of global financial transformation,” added Evgeniya Bogdanova , CEO of ￰9￱ Zeng also participated in the panel “Stablecoins and the Future of Digital Finance” at Digital Bridge 2025, emphasizing that stablecoins can bridge TradFi and DeFi, advancing secure and compliant digital payments on a global ￰10￱ This initiative applies only to regulatory fees payable by AIFC Participants and applicants for authorisation and registration in the ￰11￱ does not include taxes or other government payments in the Republic of Kazakhstan.

Kazakhstan’s tenge (KZT) remains the sole legal tender in the Republic of ￰12￱ Caption: From left: Ablaikhan Aubakir (4th), Country Manager at Bybit Kazakhstan; Mazurka Zeng (5th), Executive Director of Fiat & Pay at Bybit; and Evgeniya Bogdanova (6th from right), CEO of the Astana Financial Services Authority (AFSA), at the side event of Digital Bridge 2025 organized by Bybit Kazakhstan, where Bybit demonstrated Kazakhstan’s first-ever stablecoin regulatory fee payment via QR Pay. #Bybit / #CryptoArk About Bybit 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 ￰13￱ license status and validity can be verified on the official AFSA website: ￰14￱ Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million ￰15￱ in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for ￰16￱ a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain ￰17￱ for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of ￰18￱ can discover the future of decentralized finance at ￰19￱ more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.

com For updates, please follow: Bybit’s Communities and Social Media About AFSA The Astana Financial Services Authority (AFSA) is the independent regulator of the Astana International Financial Centre (AIFC), which is established in accordance with the Constitutional Law of the Republic of Kazakhstan “On the Astana International Financial Centre” for the purposes of regulating financial services and related activities in the ￰20￱ administers the AIFC Regulations and Rules and is responsible for the authorisation, registration, recognition and supervision of financial firms and market institutions in the ￰21￱ 4,400 firms from more than 85 countries are registered in the ￰22￱ firms provide banking, insurance, investment, professional and other ￰23￱ range of financial services offered at the AIFC is comparable to the list of services available in long-established financial centers of the world, such as London, Hong Kong, Singapore, Dubai and ￰24￱ The Astana International Financial Centre (AIFC) is an independent jurisdiction with a favourable legal and regulatory environment and a developed infrastructure for starting and doing business, attracting investment, creating jobs and developing Kazakhstan’s economy. ￰0￱ information: Public Relations and Communications Division of AFSA: +7 (717) 264 73 43; +7 7172 61-37-45 email: pr@afsa.

kz Contact Head of PR Tony Au Bybit media@bybit. com This post Bybit Kazakhstan Showcases First-Ever QR-Based Crypto Payment at Digital Bridge 2025 first appeared on BitcoinWorld .