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Crypto

Japan considers using stablecoins for consumption tax refunds to foreign tourists

Japan is considering using stablecoins to refund consumption tax to foreign visitors entering the country, CoinPost reported on Oct. 21. Land, Infrastructure, Transport and Tourism Minister Tatsunori Ibayashi said the government will study including stablecoins in the relevant system. Japan will shift its duty-free scheme to a refund method for purchases from Nov. 1. Private-sector groups are already building models using the JPYC stablecoin.

AI & Enterprise

Mandatory disclosure of AI training data from government-backed projects raises questions over detailed criteria

South Korea is moving to require AI training data built or produced during government-backed projects to be provided through the national AI Hub platform. As detailed rules are drafted ahead of an April start, debate is growing over whether data obtained or further processed at companies’ own expense should also be subject to disclosure in joint public-private projects. Another issue is how authorities will assess requests to exclude data on grounds such as trade secrets, privacy or copyrights.

AI & Enterprise

Cybersecurity disclosure requirement expanded to all KOSPI, KOSDAQ listed companies

South Korea will expand mandatory cybersecurity disclosures to all companies listed on the KOSPI and KOSDAQ from next year, regardless of revenue, while excluding special purpose acquisition companies. Entities newly covered include those required to obtain ISMS certification, as well as public institutions, small businesses, financial companies and electronic financial business operators previously exempt. The revised enforcement decree takes effect on Jan. 1, 2027, with small businesses covered from Jan. 1, 2029.