Fiji central bank warns against crypto use, disappointing Bitcoin hopes
The Fijian prime minister’s reported consultations on introducing Bitcoin into the economy seem to have been in vain.
The Reserve Bank of Fiji (RBF) has issued a warning to the public against using cryptocurrency for payment or investment. This is a reversal of the Fijian prime minister’s perceived position on crypto.
Fijian residents may even face criminal charges for investing in cryptocurrency abroad using “funds held in Fiji,” the release added. Apparently, the warning was motivated by cryptocurrency promotion in the country:
The RBF has not licensed any person or entity to provide cryptocurrency investments or trade in virtual assets, it said.
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