Bitcoin
Bitcoin (BTC)
$68,308.00 1.11911
Bitcoin price
Ethereum
Ethereum (ETH)
$3,746.21 -0.5547
Ethereum price
BNB
BNB (BNB)
$594.61 -0.16041
BNB price
Solana
Solana (SOL)
$166.48 -1.35398
Solana price
XRP
XRP (XRP)
$0.5195300 -0.65763
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -6.31641
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000143 -2.6421
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.17173
Bonk price
Bitcoin
Bitcoin (BTC)
$68,308.00 1.11911
Bitcoin price
Ethereum
Ethereum (ETH)
$3,746.21 -0.5547
Ethereum price
BNB
BNB (BNB)
$594.61 -0.16041
BNB price
Solana
Solana (SOL)
$166.48 -1.35398
Solana price
XRP
XRP (XRP)
$0.5195300 -0.65763
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -6.31641
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000143 -2.6421
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.17173
Bonk price
Bitcoin
Bitcoin (BTC)
$68,308.00 1.11911
Bitcoin price
Ethereum
Ethereum (ETH)
$3,746.21 -0.5547
Ethereum price
BNB
BNB (BNB)
$594.61 -0.16041
BNB price
Solana
Solana (SOL)
$166.48 -1.35398
Solana price
XRP
XRP (XRP)
$0.5195300 -0.65763
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -6.31641
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000143 -2.6421
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.17173
Bonk price
Bitcoin
Bitcoin (BTC)
$68,308.00 1.11911
Bitcoin price
Ethereum
Ethereum (ETH)
$3,746.21 -0.5547
Ethereum price
BNB
BNB (BNB)
$594.61 -0.16041
BNB price
Solana
Solana (SOL)
$166.48 -1.35398
Solana price
XRP
XRP (XRP)
$0.5195300 -0.65763
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000258 -6.31641
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000143 -2.6421
Pepe price
Bonk
Bonk (BONK)
$0.0000338 -8.17173
Bonk price
SirWin
SirWin
SirWin

Fiji’s central bank warns against crypto investments

fijis-central-bank-warns-against-crypto-investments
Edited by
News
Fiji’s central bank warns against crypto investments

Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations.

The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in crypto-related campaigns promoted in the region. In a press release on Apr. 15, the central bank emphasized, including Bitcoin (BTC) and Ethereum (ETH) are “not recognized as legal tender in Fiji” and can’t be used for payments of goods and services, in accordance with local rules.

Reserve Bank of Fiji Governor Ariff Ali also addressed the increasing promotion of crypto investment schemes in the region, highlighting that the RBF “has not licenced nor authorised any person or entity to offer cryptocurrency investments or trade in virtual assets in Fiji.”

“Therefore, the public is strongly advised to refrain from participating in cryptocurrency investment or trading schemes currently being promoted in Fiji.”

Ariff Ali

The central bank of Fiji also reiterated that it is illegal for individuals or entities to purchase or invest in crypto using funds held in Fiji, emphasizing that such activities “may be subject to penalties.”

The RBF’s stance on crypto investments has evolved over time. In July 2023, reports surfaced indicating that the central bank was considering the use of digital currency in Fiji. However, no concrete decisions regarding crypto legalization have been made since then.

Additionally, in late December 2023, crypto.news reported on collaboration between the Reserve Bank of Fiji and the National Bank of Cambodia to improve the cross-border payment network using central bank digital currencies (CBDCs). Nevertheless, there have been no indications of significant developments on this matter thus far either.