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.
