HK Taxi go dey use Stablecoins under strict license regime

Hong Kong go make all their 16,000 red taxis dey accept electronic payment from April 1, 2026, as dem wan shift go cashless future. This move align with Hong Kong Monetary Authority new stablecoin license system wey go start August 1, 2025, wey people talk say na di strictest for di world. Dem issuers gats back their tokens one to one with liquid money wey dey for independent custody, plus follow rule for AML/CFT, risk management, and audit. Algorithmic stablecoins no dey allowed. More than 40 companies, including Tether and Circle, don show say dem want join, but only few wey get plenty money fit get license. Dis taxi rollout na beta test to see how stablecoin go work for plenty small small payment wey dem dey do. If stablecoin payment fit settle quick quick and cost no too much, e fit stop use cash for person-to-person transaction. KUN, di infrastructure provider, just get $50 million funding show say market believe sey retail use get future. Strategically, Hong Kong dey try make HKD more international and reduce how dem dey depend on US dollar for the region by pushing non-dollar stablecoins and looking into offshore RMB tokenization inside regulatory sandbox. If taxi payment success, stablecoin fit go fast join retail, hospitality and cross-border trade. This pilot show how strict regulation and practical use fit blend, put Hong Kong as leader for digital currency for Asia.