Fiji Shuts Down All Crypto Activity
In a bold regulatory move, the Reserve Bank of Fiji (RBF) has officially banned all virtual asset service providers (VASPs) in the country. As of August 30, 2025, any individual or company—local or foreign—offering crypto exchange, token transfers, or wallet services to Fijian residents is breaking the law.
This decision comes with heavy penalties: up to FJD 1 million in fines or 14 years in prison for violators. Even advertising crypto-related services to locals is now illegal.
Vanuatu Took a Different Path
Interestingly, this move by Fiji reminds me of Vanuatu’s own past stance on crypto.
Years ago, Vanuatu also had a moratorium—a freeze—on any crypto or virtual asset-related services. It was unclear, untrusted, and often misunderstood. But over time, as awareness grew, something changed.
Leaders, especially Members of Parliament (MPs) and policy advisors, began to see the potential benefits of digital assets—not just the risks. Today, Vanuatu has taken a progressive step by introducing its own Digital Assets Act, overseen by the Vanuatu Financial Services Commission (VFSC).
This didn’t happen overnight. It was shaped by:
- Input from expatriates and local professionals with digital finance experience.
- Technical support and policy advisory groups.
- Recognition that blockchain and tokenization can benefit industries like tourism, real estate, and creative entrepreneurship.
Let’s Focus on the Real Issue: Misuse, Not the Tech
From my point of view, the problem isn’t digital assets or cryptocurrency itself.
The problem is how some people misuse it—to promote pyramid schemes, scams, and fraud. But let’s be fair: the same happens with normal hard cash.
We don’t ban the Vatu, the Dollar, or the Kina just because someone used it in a scam. We target the crime and the criminals, not the medium of exchange.
🔎 So why should digital assets be treated differently?
- Scams can happen in any financial system—digital or traditional.
- Education, regulation, and enforcement are the tools we need.
- Outright bans often drive innovation underground, rather than eliminating the risk.
The Road Ahead for the Pacific
Every Pacific Island nation will take its own approach to financial technology. Fiji’s decision is based on its own legal and security context. But I hope this moment can spark more dialogue—not just on regulation, but also on digital literacy, innovation, and safe access for all islanders.
Let’s not fear the future. Let’s shape it responsibly.
Mattdotvu 
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