Fiji Reiterates Ban on Cryptocurrency Service Providers, Citing Money Laundering and Security Risks

BlockBeats News, September 24th, According to the Fiji National Anti-Money Laundering Committee (NAMLC), Fiji has reiterated a comprehensive ban on Virtual Asset Service Providers (VASPs), citing the high risks of cryptocurrency in money laundering, terrorist financing, and financing the proliferation of weapons of mass destruction. NAMLC stated that the anonymity and cross-border nature of cryptocurrency make it highly susceptible to exploitation by criminals.