Regulation· ★★★· bullish· October 21, 11:30

Japan's transport minister floats stablecoins for tourist tax refunds

—Ibayashi said stablecoins are being considered for the tourist tax refund model
—He has previously floated yen-pegged stablecoins for tax payments
—Tax payment methods fall under the LDP tax panel; fees remain an issue

Why it matters: Stablecoins in tourist refunds would mark one of Japan's first large-scale government uses of digital currencies.