Japan Tax Free Launches JPYC On-Chain Tax Refund Service on November 1
Japan Tax Free, a tax-free service provider, announced that it will officially launch the JPYC tax refund service in collaboration with UPBOND on November 1. This service will provide an on-chain tax refund channel for foreign tourists visiting Japan. According to Japan's new tax exemption system, tourists must first purchase goods at tax-inclusive prices and then claim their tax refunds after customs verification upon departure. The new service will issue JPYC to tourists using the wallet infrastructure provided by UPBOND, utilizing the Avalanche C-Chain.
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