The Reserve Bank of Fiji Governor, Ariff Ali, recently addressed the increasing promotion of crypto investment schemes in the region. He emphasized that the RBF has not licensed or authorized any person or entity to offer cryptocurrency investments or trade in virtual assets in Fiji. As a result, the public is strongly advised to refrain from participating in cryptocurrency investment or trading schemes currently being promoted in Fiji.
Additionally, the central bank of Fiji reiterated that it is illegal for individuals or entities to purchase or invest in crypto using funds held in Fiji. They emphasized that such activities may be subject to penalties. The RBF’s stance on crypto investments has evolved over time, but no concrete decisions regarding crypto legalization have been made since then.