Japan
CoinPost
Japan Tax-Free and UPBOND to Offer JPYC-Based Tax Refunds for Inbound Travelers, Starting November 1
- JPYC refunds go live November 1, 2026, timed to Japan's switch to the customs-verified "refund method" for tax-free purchases.
- UPBOND supplies the wallet infrastructure, with refund transfers executed on Avalanche's C-Chain; recipients can also convert JPYC on-chain into foreign-currency stablecoins such as USDC.
- Japan Tax-Free says blockchain-based delivery avoids fees typically deducted by credit card companies or international remittance providers, keeps a full on-chain transfer record, and is pursuing partnerships with local governments (e.g., Nara Prefecture, Hakodate City) plus a planned refund feature in UPBOND's "Agentic Wallet."