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Japan to refund tourist taxes via stablecoin JPYC on Avalanche blockchain starting Nov 1, 2026

Protocol Fundamentals
29 Oct 2026, 17:25 WIB
Crypto Briefing
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Bullish
Japan to refund tourist taxes via stablecoin JPYC on Avalanche blockchain starting Nov 1, 2026

Japan Tax Free, JPYC, and UPBOND are launching a system that sends tourist tax refunds as JPYC stablecoins on the Avalanche C-Chain starting November 1, 2026. This aligns with Japan's new tax-free shopping rules requiring refunds upon departure, creating a need for efficient cross-border payments. Using JPYC, a legally recognized electronic payment instrument in Japan, aims to reduce fees, improve efficiency, and ensure compliance with anti-money laundering laws. Travelers can receive refunds directly to compatible wallets, with UPBOND assisting wallet creation for new users.

Avalanche (AVAX) is trading at Rp162.604 on Pluang, showing a 1.43% increase in the last day. The platform reports a market cap of Rp71.67 trillion and a 24-hour trading volume of Rp4.86 trillion. This data is current as of Oct 29, 2026, 21:44 WIB.

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