Crypto Regulation in Fiji

Restricted

Tax Information

Capital Gains (Personal)
10% CGT
Capital Gains (Corporate)
20% CIT
VAT on Crypto
No
Staking Tax
Unclear
Airdrop Tax
Unclear
Mining Tax
--

Licensing & Registration

License Required
No
Regulator
RBF (Reserve Bank of Fiji)
Framework
RBF has warned against crypto; no regulatory framework
License Types
--
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Very Complex

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
--
FATF Status
--
Suspicious Activity Reporting
--

Mining

Mining Legal
Yes
Status
Restricted
Electricity Cost ($/kWh)
$0.15
Renewable Energy
20%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
20% CIT

DeFi, Stablecoins & NFTs

DeFi: restrictedStablecoins: restrictedNFTs: unregulatedCBDC: none

Soken Services

Legal Opinion
Available | $5,000 - $20,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT
Card Payments
Visa, Mastercard

Sources

Reserve Bank of Fiji
low

Frequently Asked Questions

Is crypto legal in Fiji?
Cryptocurrency is currently classified as "Restricted" in Fiji.
What is the crypto tax rate in Fiji?
In Fiji, the personal capital gains tax on crypto is 10% CGT, and the corporate tax rate is 20% CIT.
Do I need a crypto license in Fiji?
No, Fiji does not currently require a specific crypto license, though other financial regulations may apply.
Is crypto mining legal in Fiji?
Yes, crypto mining is legal in Fiji. Electricity costs approximately $0.15/kWh. Mining income is taxed at: 20% CIT.
What are the AML/KYC requirements for crypto in Fiji?
Yes, crypto businesses in Fiji must comply with KYC (Know Your Customer) requirements.