Assets, Bitcoin

Is Bitcoin Allowed in Iceland?

Yes, Bitcoin is allowed in Iceland. The Icelandic Financial Supervisory Authority (FSA) has not issued any specific regulations regarding cryptocurrencies.

NOTE: WARNING: Bitcoin is not considered a legal currency in Iceland and is therefore not allowed to be used as a form of payment. It is illegal to buy, sell, or use Bitcoin in any way within the country. Additionally, it is illegal to mine Bitcoin or any other cryptocurrency in Iceland.

However, the FSA has warned the public about the risks associated with investing in cryptocurrencies. In general, cryptocurrencies are not considered legal tender in Iceland.

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