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Crypto

Minister Ibayashi Considers Using Stablecoins for Tax Refunds to Tourists

2026/10/22 00:50(Updated 2026/10/21 18:01)

CoinPost

Written by CoinPost Editorial Department

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Minister Ibayashi Considers Using Stablecoins for Tax Refunds to Tourists

Stablecoins for Tourist Tax Refunds

On the 21st, Minister Tatsunori Ibayashi of Land, Infrastructure, Transport and Tourism expressed his intention to consider the use of stablecoins in the tax exemption system for foreign tourists during his policy speech at the House of Representatives Land, Infrastructure, Transport and Tourism Committee. He mentioned the 'refund method,' which involves refunding the equivalent amount of consumption tax after departure verification, and emphasized advancing measures from the user's perspective.

Mr. Ibayashi, who hails from the Ministry of Land, Infrastructure, Transport and Tourism, assumed the position of Minister in the second reshuffled Takamichi Cabinet, inaugurated on September 17. Within the Liberal Democratic Party, he serves as a secretary of the Tax System Research Committee and finance...

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