Fiji’s National Anti-Money Laundering Council (NAMLC) has reaffirmed its prohibition on virtual asset service providers (VASPs), warning that cryptocurrencies pose serious risks to financial integrity and national security. “Cryptocurrencies enable rapid, anonymous transactions across borders, making them attractive for laundering illicit funds and evading detection,” the Council said. Kuruleca said the Council’s priority is protecting Fiji’s financial system while maintaining a transparent environment that supports legitimate investment and economic growth. “The Council’s priority remains the protection of Fiji’s financial system, and the safety of its people,” she said. Until then, the prohibition of VASPs will remain in place as a safeguard against financial crime and security threats.