Fiji's National Anti-Money Laundering Committee (NAMLC) has reaffirmed its ban on virtual asset service providers (VASPs), highlighting concerns over money laundering and security threats. The committee pointed to the anonymity and cross-border nature of cryptocurrencies as factors that make them vulnerable to criminal activities, including terrorist financing. NAMLC Chair Selina Kuruleca emphasized the need to protect Fiji's financial system and national security, noting the country's current lack of regulatory and enforcement capabilities. The decision aligns with FATF standards but opts for a complete ban rather than regulation. The committee plans to reassess the policy once Fiji develops adequate regulatory and technical frameworks to manage the risks associated with cryptocurrencies.