Kazakhstan AFSA Stablecoin Issuer License
Issue stablecoins from AIFC with 0% tax, English common law, and CIS market access
— Last updated: January 2026 · 5 min read
What is the AFSA Stablecoin Issuer License?
AFSA authorization for entities issuing stablecoins (pegged digital assets) from the Astana International Financial Centre (AIFC). Part of AFSA's expanding digital asset regulatory framework building on the 2025 PMS Rules, this license enables creation and global distribution of stablecoins from Kazakhstan's premier financial hub.
AIFC Advantages for Stablecoin Issuers
- ✓0% corporate tax until 2066
- ✓English common law jurisdiction
- ✓Independent AFSA regulator
- ✓CIS and Central Asian market access
- ✓Growing digital asset ecosystem
- ✓Cross-border payment integration
Relationship to AIFC MSP License
Stablecoin issuer authorization is distinct from the AIFC Money Service Provider license. An entity may hold both if it both issues stablecoins and provides payment services. The MSP license covers payment processing and money transmission, while the stablecoin issuer authorization covers creation and distribution of pegged digital assets.
Requirements
AIFC entity incorporation, fit and proper assessment for directors and key personnel, AML/CFT framework implementation, reserve management plan documentation, and technical infrastructure for secure stablecoin issuance and management.
Frequently Asked Questions
A stablecoin issuer license covers issuance of pegged digital assets (stablecoins). A standard VASP covers exchange, custody, and transfer of existing virtual assets. The two activities have different regulatory requirements.
Ready to Issue Stablecoins from AIFC?
Contact Zitadelle AG for a consultation on Kazakhstan stablecoin issuer authorization.
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Disclaimer: This page is for informational purposes only and does not constitute legal or regulatory advice. Requirements, timelines, and fees are subject to change. Always consult directly with the relevant regulatory authority or a qualified professional for the most current information. Zitadelle Advisory Group LTD is not a law firm and does not provide legal representation.