“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. ‘It does not appear that the provisions of the Act that exempt goods and services from the aforementioned restrictions can be applied to trading in Bitcoin or that other exemptions from restrictions of the Act apply to such transactions,’ the Central Banks’s response states.”
http://www.reddit.com/r/Bitcoin/comments/1t8zf3/bitcoin_trading_illegal_in_iceland_according_to/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Matt Damon’s Anti-Fracking Movie Financed By OPEC Nation
AG Sessions Says Rosenstein Can Investigate HIMSELF in Uranium One Criminal Probe
Kansas City, Missouri Makes Red Light Running a Parking Violation
For Police, Murder is a Time-Saving Device
Chinese Tourists with Pockets Full of Dollars
Study Reveals Mushrooms Cure Depression By Not Being Anti-Depressants
Bernanke Is Getting Killed in the Bond Market
Police Barge Into Home To Make Arrest Over The Length Of Grass
IMF Goes Directly After Bank Depositor Money In Cyprus Bailout Plan
Steve Wozniak: Internet becomes tool for govt control & surveillance?
Beef Prices Set New Record Highs
The big drug database in the sky: A firefighter’s legal nightmare
California: Treatment and fraud
Robocoin 2.0 Arrives With Bank-Like Features and New Hardware
NSA Phone Snooping Cannot Be Challenged in Court, Feds Say