FAQ – Frequently asked questions and answers

– What does JPYA stand for?

Abbreviation of JaPanese Yen Ascension.
Ascension is an auspicious word, meaning to rise, to ascend to heaven.
Published on 13 May 2021, Ascension Day is a public holiday in many Christian countries.

– What are the legal consequences of the JPYA?

JPYA is a currency-denominated asset that can be purchased and used at any time at 1JPYA = 1 yen and is a self-prepayment means of payment under the Funds Settlement Act.
It is not a crypto asset.

– Is JPYA a virtual currency (crypto asset)?

JPYA is not a virtual currency (crypto asset).
This is because currency-denominated assets do not qualify as crypto assets under Japanese law.

– Can JPYA be refunded directly into Japanese Yen?

JPYA is not refundable.
We will release more services that can use JPYA from time to time, either by ourselves or by our partners.

– Can I exchange JPYA for IOST?

JPYA cannot be directly converted to IOST by us.
Under the law of prepaid means of payment, it is a form of payment that we are not allowed to make.
However, the various ecosystems are currently being considered and adjusted.

– Where can I check the amount of JPYA I purchased on the Buy page?

The rate displayed on the purchase page is updated approximately every two minutes.
Depending on the timing of the transaction on the IOST blockchain, the purchase may be processed at a different rate than the rate at the moment you press the “Buy” button.
To find out how much you have actually purchased, please check the “Tx ID” value displayed after your purchase on IOSTABC.

– I would like to cooperate with JPYA.

Currently JPYA wants to spread the user ecosystem in the form of DAOs.
If you are interested, please contact us via chat.

– Is it related to JPYC?

JPYA is different from JPYC issued by JPYC Co.