All I am going to say is that when the government figures out that people are using AUR to get into bitcoin and get funds out the country those 3 foundation members better be out of the country.
It is the same with crypto as with any other commodity. You can buy fish here in Iceland for ISK on the open market, export it, for the sole purpose of selling it for foreign currency. But then when you have foreign currency the currency controls kick in and force you to exchange the currency to ISK within a few days.
So if you buy Auroracoin or Bitcoin for ISK, then sell it for USD, you must exchange the USD back to ISK to apply with the currency control laws in Iceland. On the other hand if the purpose of you buying Auroracoin is to use it as currency within Iceland and never trade it for foreign currency, the currency controls laws do not apply.
You are living in la la land if you think you there won't be consequences.
I'm sure there will be consequences for those that will use Auroracoin to circumvent the currency control laws, but not for those that have the intention to use it for commerce in Iceland.
I'm also sure that parliament will copy/paste European laws regarding crypto when the EU has created these laws.