Fiji Reiterates Warning Against Crypto Use and Investments

Fiji’s central bank warns users against using crypto or investing in digital assets.

Guy using Crypto services on a beautiful beach and a security guy is reporting him.
Created by Kornelija Poderskytė from DailyCoin
  • Fiji’s central bank has issued a warning against crypto use.
  • The warning comes as crypto investment schemes are increasingly being promoted in the country.
  • The promotions have surged on various platforms, including social media.

The Reserve Bank of Fiji (RBF) issued a public warning on Monday, cautioning users against using crypto and investing in digital assets.

Since digital assets started receiving mainstream attention, Fiji has been cautious against crypto. The country has raised several concerns in past warning messages from the central bank and the Fijian Competition and Consumer Commission.

Fiji’s Central Bank Sends Stark Warning

In a press release dated April 15, the RBF advised users that cryptocurrencies such as Bitcoin and Ethereum are not recognized as legal tender in Fiji, making them unsuitable for payment of goods and services.


“Furthermore, it is illegal for any individual or entity to purchase or invest in cryptocurrencies and virtual assets from funds held in Fiji. This includes the use of locally issued debit cards and credit cards (scheme cards) to pay for such transactions,” RMB wrote.

The Governor of the RBF, Ariff Ali, said the warning comes as Fiji is witnessing increased promotion of crypto investment schemes via various platforms, including social media. The dubious advertisements are reportedly misleading Fijians into thinking they can purchase Bitcoin, foreign exchange, and binary trading products using their mobile money wallets or bank transfers.

While Fijians might have an option of accessing crypto through offshore investments, the central bank insisted that it approve such investments. Per the statement, penalties under the Exchange Control Act may be applied if a Fijian resident invests abroad without the prior approval of the RBF.

Meanwhile, it remains nigh impossible to buy crypto legally in Fiji, given that the central bank’s offshore investment facility was suspended.


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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Brian Danga

Brian Danga, a Kenyan crypto reporter, is dedicated to delivering breaking news and updates from the cryptocurrency world. With a background as a Web3 writer and project manager, he recognizes the importance of unbiased reporting. Holding an LLB degree from the University of Nairobi, Brian's analytical skills contribute to his accurate news reporting. His personal interests include cooking, watching documentaries, reading, and engaging in intellectual discussions.