DUBAI, UAE, Sept. 30, 2025 /PRNewswire/ — Bybit Restricted (Bybit Kazakhstan), a crypto trade licensed by the Astana Monetary Providers Authority (AFSA), formally utilized to the Nationwide Financial institution of the Republic of Kazakhstan (NBK) for participation within the particular regulatory regime, or sandbox, and has already begun testing its first pilot venture for funds with digital belongings by way of QR codes. Bybit Kazakhstan is able to reveal the prototype, supporting Kazakhstan’s plan to check protected, helpful and well-supervised digital finance beneath the central financial institution’s oversight.
Constructing the ecosystem with forward-thinking regulators
Bybit Kazakhstan is working towards participation within the Nationwide Financial institution of the Republic of Kazakhstan (NBK) and the Nationwide Fee Company of Kazakhstan sandbox setting for pilot testing the place protecting measures are a precedence. Bybit Kazakhstan’s position is to deliver product design, consumer expertise and compliance operations that match native guidelines and infrastructure. This work displays our perception that sturdy oversight and good product design go hand in hand.
What the Pilot Entails
Verified customers will scan a regular service provider QR code by way of a POS terminal or throughout a web-based buy after which provoke cost within the Bybit Kazakhstan app utilizing digital belongings. The transaction is transformed and settled in tenge by means of native companions. We apply audit-ready reporting, danger limits, and clear consumer prompts particularly designed for the pilot take a look at setting.
The objective is easy: preserve the service provider’s course of acquainted, add protecting mechanisms for customers, and supply regulators with sensible information.
Key Ideas
- Safety first: making use of KYC/AML mechanisms and audit-ready logs.
- Simplicity and velocity for customers.
- Minimal modifications for retailers because of utilizing normal QR cost strategies.
- Full compliance with NBK oversight.
Public Demonstration at Digital Bridge Astana
Bybit Kazakhstan will showcase the prototype in a take a look at setting at its sales space throughout Digital Bridge Astana, October 2–4, 2025. The demo will mirror each the formal sandbox utility and the primary pilot testing in progress. Stakeholders will be capable of see actual transaction eventualities and evaluate each the technical and compliance points onsite.
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About Bybit
Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, with a worldwide neighborhood of over 70 million customers. Based in 2018, Bybit has since redefined transparency within the decentralized world and continues to construct an easier, extra open, and fairer ecosystem for all. Bybit maintains strategic partnerships with main Web3 protocols to supply dependable infrastructure and drive on-chain innovation. The trade is acknowledged for its safe custodial companies, numerous marketplaces, intuitive consumer interface, and superior blockchain instruments. This bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
Bybit Kazakhstan
Bybit Kazakhstan is allowed by the monetary regulator of the Astana Worldwide Monetary Centre (AIFC) — the Astana Monetary Providers Authority (AFSA) — to conduct regulated actions, together with working a digital asset buying and selling platform, offering custodial companies, finishing up funding actions as each principal and agent, and managing investments in relation to digital belongings beneath License No. AFSA-A-LA-2024-0027.
The license standing and validity will be verified on the official AFSA web site: www.afsa.kz.
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