Digital asset firms are licensed in the Astana International Financial Centre, and since May 2026 by the National Bank outside it. This page sets out the authorisations a stablecoin business needs in Kazakhstan, who grants each one and what it covers, alongside how many companies hold them today. The figures come from the registers Anvesan reads and are updated as those registers change.
RegulatorAstana Financial Services Authority (AFSA) in the AIFC; National Bank of Kazakhstan outside it
LawAIFC digital asset rules and the Law on Digital Assets in the Republic of Kazakhstan
Authorisations in Kazakhstan, as at 6 November 2026
Authorisations41across 1 licence families
Licensed32of 41 authorisations
In the pipeline8Applications and in-principle approvals
Ended1Refused, withdrawn or lapsed
Authorisations by licence
AIFC digital asset service provider licence100%41
These 41 authorisations belong to 37 companies. The company-level records are in Atlas Pro.
What those authorisations permit
Holding assets for clients21
Scope not stated in the licence20
One authorisation can cover several activities, so these figures overlap.
The licences: who grants them, how long, what they cost
The statutory clock is the formal decision period, where the regulator publishes one. “Observed” is the real-world timeline reported by applicants, not a figure the regulator sets. Capital is the regulatory minimum, not legal or advisory fees. Where a figure is not yet available, we show “Unavailable”; where one exists but Anvesan has not verified it, we show “Not sourced”.
The Atlas column maps a licence to a tracked licence family only where the two are the same thing. Where they are not, it reads Not mapped, and the family counts are in Authorisations by licence above.
AIFC digital asset service provider licence
41 in the Atlas
Who grants it
Astana Financial Services Authority (AFSA)
What triggers it
Held for holding assets for clients, by the permissions recorded on the authorisations themselves.
Legal basis
AIFC rules on digital asset activities
Statutory clockNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
What it takes in practiceNot sourced
Anvesan has not verified this for this regime yet. It is added when it is.
Capital requirement
Not sourced
Application feeNot sourced
Companies in the free Atlas
3 of the 37 companies with an authorisation in Kazakhstan are in the free Atlas.
Regulatory changes only: what is being decided, by whom, and when. Company-level licence changes are tracked in Atlas Pro.
Questions this page answers
How many companies hold a stablecoin-related licence in Kazakhstan?
Atlas tracks 41 authorisations across 37 companies in Kazakhstan, read from official registers and checked on 6 November 2026. Of those, 32 are licensed, 8 are in the pipeline, and 1 have ended.
Who regulates stablecoins in Kazakhstan?
Astana Financial Services Authority (AFSA) in the AIFC; National Bank of Kazakhstan outside it. The framework is AIFC digital asset rules and the Law on Digital Assets in the Republic of Kazakhstan.
What licence does a stablecoin business need in Kazakhstan?
In the Astana International Financial Centre, digital asset firms are licensed by the Astana Financial Services Authority (AFSA), under AIFC rules on digital asset activities. Outside it, they have been licensed by the National Bank of Kazakhstan since May 2026, under the Law on Digital Assets in the Republic of Kazakhstan.
How long does a licence take in Kazakhstan, and what capital does it need?
Anvesan has not verified decision timelines or capital thresholds for Kazakhstan yet, so this page does not publish them. It publishes no figure it cannot cite.
How these numbers are made
Registers read
The official registers used for this regime, named in the Registers read line. Where a public register does not provide a record, the source is identified separately.
Cadence
Checked daily. Changes are recorded when they appear in the register, together with the date they were seen. Last checked 6 November 2026.
Licence detail reviewed
23 September 2026. Counts are refreshed daily. Licence terms, timelines and capital thresholds are reviewed separately because they come from the underlying rules rather than the register.
Known gap
“Unavailable” means the figure does not yet exist or has not been published. “Not sourced” means the figure exists but Anvesan has not yet verified it. Neither is estimated.