Astana, Kazakhstan – Bybit Kazakhstan, the AFSA licensing division of World Trade Bybit, has submitted an utility to take part within the Nationwide Financial institution of Kazakhstan (NBK) Regulatory Sandbox.
–
This prototype permits validated customers to scan commonplace service provider QR codes, verify purchases on the Bybit Kazakhstan app, and pay with digital property. Behind the scenes, funds are transformed to Tenge via native companions and settled.
For retailers, the method seems the identical as current QR funds. For regulators, they supply real-time audit-ready knowledge to review how digital finance can function safely underneath central financial institution surveillance.
The rules behind the pilot
Bybit Kazakhstan designed a pilot with three educational priorities.
Safety first: KYC/AML checks, threat administration, auditing logs.
Seamless for customers: Easy app interface, quick transactions.
Minimal service provider adjustments: Works with commonplace QR fee flows.
The objective is to stability person security, service provider familiarity and regulatory readability whereas producing actionable insights from NBK and the Kazakhstan Nationwide Fee Company.
Buildings not round regulators
Bybit Kazakhstan emphasizes the shut connection between robust surveillance and considerate design. The sandbox surroundings permits central banks to watch efficiency, guarantee compliance and take a look at safety measures earlier than wider rollouts.
The primary stay demonstration will happen at Digital Bridge Astana on October 2-4, 2025, permitting stakeholders to witness actual buying and selling situations in a managed surroundings. Contributors can view each the technical structure and compliance measurements that energy the pilot.
Bibit’s wider mission
Globally, BYBIT ranks because the second largest crypto alternate by buying and selling volumes, serving over 70 million customers. The corporate is understood for its deal with transparency, safety and shutting the hole between Tradfi and Defi.
Regionally, BYBIT Kazakhstan is totally permitted by the Astana Monetary Companies Authority (AFSA) underneath license quantity AFSA-A-LA-2024-0027, which covers transactions, custody and funding actions associated to digital property.
