Table of Contents
- Does HFC Bank offer Crypto?
- How to buy Crypto with HFC Bank
- Crypto Currency Regulation in Fiji
- Current Price of Bitcoin in FJD
Does HFC Bank offer Crypto?
HFC Bank does not yet enable cryptocurrency exchange services through their platform. They have however recently announced a 40 million dollar investment which will allow this service by 2023. Source: (Cebuestates)
That said, you can securely connect your HFC Bank account to a trusted and regulated cryptocurrency exchange such as Coinspot. This will allow you to deposit Fijian Dollars (FJD) to start trading digital assets.
How to buy Crypto with HFC Bank
Follow the guide below to get started in minutes.
The safest and easiest exchange in Fiji to quickly deposit Fijian Dollars (AUD) or Australian Dollars via HFC Banking is CoinSpot.
The company offers a fast Fijian dollar and Australian dollar on-ramp with low fees and is the best place in the country to onboard into the cryptocurrency ecosystem.
Below is a quick guide to get you started.
Step 1 - Sign up to Coinspot and verify your identity
Step 2 - Once you have created your account you can now deposit FJD from your HFC Bank by going to the depoist section.
Step 3 - Go to the "Buy/Sell" section and find the Cryptocurrency you want to buy.
Step 4 - Input the FJD amount and buy and click the buy button.
Crypto Currency Regulation in Fiji
Fiji has not, as yet, enacted regulations or legislation specifically regulating digital currency. The Fiji Financial Intelligence Unit (FIU), an enforcement agency within the FIU supervises transactions involving digital currency under existing legislation. The FIU has recently issued a media release setting out its views on the dangers of making payments in cryptocurrencies, stating that it is working with the Reserve Bank of Fiji to monitor bank accounts which make significant deposits into their accounts and subsequently transfer funds to addresses outside of Fiji.
Current Price of Bitcoin in FJD
Related Guides -
- How To Buy Bitcoin and Ethereum With a Bank of Baroda Fiji
- How To Buy Bitcoin With a Anz Bank Fiji Account
