Code Coin Receives Preliminary Approval for Stablecoin Issuance License in Kazakhstan, Awaiting Final AFSA Authorization

Code Coin, a blockchain cross-border payments infrastructure provider, announced today that it has received preliminary approval from the Astana Financial Services Authority (AFSA) in Kazakhstan for a stablecoin issuance license, pending final authorization to commence operations. This marks the first major milestone in Code Coin's global stablecoin licensing strategy and signals that its compliance-first approach has landed in the Eurasian market.

With this preliminary approval, Code Coin will continue to align with Kazakhstan's legal framework and connect with the country's central bank digital currency ecosystem and global stablecoin networks. Using Kazakhstan as a strategic hub, the company aims to serve broader Eurasian cross-border trade and become a payment bridge between traditional finance and digital assets. Leveraging this position, Code Coin expects to lawfully expand multi-currency stablecoin exchange, cross-border payment, and digital-asset clearing and settlement servic...

CodeCoin CEO Huang Jianbin said: "Compliance has been our strategy since day one. We understand that only through licensed operation and end-to-end compliance can blockchain technology serve global cross-border trade safely and stably. Securing preliminary approval for a stablecoin issuance licence in Kazakhstan is the first key piece of our global compliance network, and it opens a compliant channel into Eurasian trade. Building on this, we will continue to pursue licences in key markets across South-East Asia, Latin America and the Middle East, using blockchain technology to build a secure and trusted bridge for cross-border payments."

Against the pain points of traditional cross-border payments — high fees, long settlement cycles and limited service hours — CodeCoin is bringing blockchain into cross-border trade scenarios and building a peer-to-peer clearing and settlement network, aiming to reduce all-in costs to below 1% and shorten settlement to a matter of seconds.

Unlike early anonymous payment tools, every transaction on the CodeCoin platform follows the laws and regulations of the jurisdiction in which it operates, with transaction monitoring to keep the flow of funds clear and traceable. The company's proprietary cross-chain bridge securely verifies digital assets held across different blockchains and brings them into a unified regulatory framework, achieving second-level settlement, controlled cost and full auditability, while structurally preventing money laundering and other illicit activity — balancing transaction efficiency with regulatory compliance.