Back to Countries
Iceland
IS / ISL · Europe · Northern Europe
Banned
Country Information
- ISO Code
- IS (ISL)
- Region
- Europe
- Sub-Region
- Northern Europe
- Status
- Active
- Crypto Regulatory Status
- Banned
- Summary
- It is legal for Icelandic citizens to own and mine cryptocurrency. The Icelandic Central Bank said that it is prohibited to engage in foreign exchange trading with the electronic currency bitcoin, according to the Icelandic Foreign Exchange Act. In 2017, the Icelandic Central Bank amended the rules prohibiting the outflow of krónur from the country to allow for cross-border transactions.
Regulatory Status Summary
Allowed-Regulated:
2
Status History by Topic
| Topic | Jul 2025 | Aug 2025 | Sep 2025 | Oct 2025 | Nov 2025 | Dec 2025 |
|---|---|---|---|---|---|---|
| Retail_Trading_Status |
|
|
|
|
|
Legend:
Allowed-Regulated
Allowed-Unregulated
Gray-Zone
Banned
Unclear
No data
Latest
Latest Analyses
Regulation analyses for Iceland
| Topic | Status | Confidence | Updated | Actions |
|---|---|---|---|---|
| Retail_Trading_Status | Allowed-Regulated | High Confidence | 1d ago | View |
| Retail_Trading_Status | Allowed-Regulated | Unknown | 24w ago | View |
All Analysis Versions
4 total versions (including archived)
All Analysis Versions
4 total versions (including archived)
| Topic | Status | Version | Date | Actions |
|---|---|---|---|---|
| Retail_Trading_Status | Allowed-Regulated | Latest | 2025-12-12 04:23 | View |
| Retail_Trading_Status | Allowed-Regulated | Latest | 2025-06-26 12:51 | View |
| Retail_Trading_Status | Allowed-Regulated | Archived | 2025-06-26 09:15 | View |
| Retail_Trading_Status | Allowed-Regulated | Archived | 2025-04-12 06:38 | View |