News
Ripple continues its run of acquisitions, announcing an expansion into Iceland with its acqui-hire of crypto trading firm Algrim.
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Iceland News
Iceland is a unitary parliamentary republic in the North Atlantic with a population of around 350,000 and an area of 103,000 kilometers. Iceland is high in human development, life quality and income equality. Iceland’s economy is dependent on aluminum, seafood and other animal products, medicine and machinery. Iceland has strict currency exchange regulations. This fact led to the establishment of Auroracoin — Iceland’s cryptocurrency that was delivered only to Iceland’s citizens. Iceland’s regulations of Bitcoin prohibits its use if it leads to capital movements out of the country. However, Iceland does not prohibit Bitcoin mining and cryptocurrency investments in Iceland. The Pirate Party of Iceland is one of the most influential Bitcoin advocate groups, which promotes and is based on the development of the cryptocurrency industry and establishing convenient taxing system.
- News
Cryptocurrency services firm Prasos has received a payment institution license from a Finnish regulator, allowing it to offer payment services in EEA countries.
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The Financial Supervisory Authority of Iceland approved a ConsenSys-backed blockchain firm to operate as e-money business.
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Coinbase is launching support for European Union residents to make fiat currency withdrawals to online payment system PayPal.
5655 - Hodler’s Digest
The CBOE has withdrawn their BTC ETF rule change application, while Wyoming introduces crypto-friendly legislation.
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Suspect in Bitcoin miner heist Sindri Þór Stefánsson managed to flee to Sweden before authorities arrested him in the Netherlands.
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Iceland’s blockchain-powered identity platform Authenteq has received a $5 million investment from Draper Associates, among others.
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ConsenSys has participated in a $2 million seed funding round for Icelandic blockchain startup Monerium, which counts the country’s central bank ex-chairman as a co-founder.
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Chairman of an Icelandic data center provider claims that the local crypto industry is going to shift from crypto mining to “pure blockchain business.”
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Hashpower hosting service Genesis Mining is forcing some customers to upgrade their mining contracts due to the serious decline in digital currency prices.
10257 - Follow up
600 seized computers used for Bitcoin mining in China could well be the same 600 stolen from Iceland three months ago.
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Icelandic police have sent an enquiry to China after a count of confiscated mining hardware in Tianjin exactly matched the missing machines stolen in Iceland earlier this year.
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Sindri Þór Stefánsson, the man wanted on charges of stealing Bitcoin mining hardware in Iceland, has said he’ll return home after fleeing to Sweden.
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A suspect in the infamous Bitcoin miner theft in Iceland earlier this year has escaped prison and fled to Sweden.
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Taiwan’s central bank has suggested that Bitcoin transactions should be regulated under existing AML regulations.
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