Japanese Minister of Land, Infrastructure, Transport and Tourism studies introducing a stablecoin refund mechanism
2026-10-21 15:09:02
According to CoinMeta, Japanese Minister of Land, Infrastructure, Transport and Tourism, Tatsuhiko Ijiri, stated that they will study the introduction of stablecoins into the consumption tax exemption system for foreign tourists visiting Japan, as well as promote refund methods to address this issue. Japan's tax exemption system has been changed to a refund method since November 1st. Tourists who purchase goods at the taxed price can have the consumption tax refunded by the duty-free shops or authorized refund agencies within 90 days from the date of purchase, after they leave the country and the transaction is confirmed by customs.
Source:Internet
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