Bitcoin Trading Potentially Illegal in Iceland

Bitcoin Trading Potentially Illegal in Iceland

An Icelandic newspaper is reporting that bitcoin trading might not be legal in the country. The following is a translation obtained from social sharing website Reddit: It is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act. A written response from the Central Bank of Iceland to Morgunblaðið states that the Foreign Exchange Act specifies general restrictions on foreign exchange trading and capital movements between countries. So what does this mean? Well, for starters, trading bitcoin is a no-go. Citizens....


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