“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/
Related posts:
Even its Creators Want to Shut Down the Asset-Forfeiture Racket [2014]
Oklahoma Passes Most Progressive Medical Marijuana Initiative Since California’s Prop 215
New Jersey cop allegedly shot man to death as wife and three kids looked on
Home Equity Lending Back … Really
Is Silicon Valley Building the Infrastructure for a Police State?
The Treasury Secretary on How Unstable U.S. Government Finances Are
Did Romney disqualify himself by accepting foreign cash?
Clapper: Election Meddling And Regime Change In The "Best Interests Of The People"
How George Soros Trades Stocks
Exposing the Absurdity of Washington’s Anti-Sequester Hysteria
'Swatting' prank results in police killing of unrelated Kansas man
Ron Paul: Why Are We Helping Saudi Arabia Destroy Yemen?
TSA Abuse
FBI’s Patriot Act records requests skyrocket 1,000% under Obama
Liberals embrace gun ownership now that Trump is President