Update
Japan Considers Stablecoin Tax Refunds for Foreign Tourists
Japan's transport and tourism minister suggested using stablecoins for tax refunds to foreign visitors, starting November 1. The new model requires customs confirmation before refunds are issued, raising concerns about efficiency and security. Japan's recent legislative changes may pave the way for broader cryptocurrency regulations, while stablecoin market remains dominated by dollar-pegged tokens with yen-backed stablecoins representing a small fraction.