The Reserve Bank of Fiji prohibits the use of cryptocurrency for payment or investment

ChainCatcher news, according to Cointelegraph, the Reserve Bank of Fiji (RBF) issued a statement strictly prohibiting the use of cryptocurrency for payments or investments. Fijian residents may even face criminal charges for using "funds held domestically in Fiji" to invest in overseas cryptocurrencies.

The statement said that the RBF has not authorized any individual or entity to provide cryptocurrency investment or virtual asset trading.