Quote from: dinobotta on May 28, 2015, 09:48:09 PM

Quote from: Whistleblowa on May 22, 2015, 12:21:23 AM

I have made contact with a government official in Iceland and will be mailing her all the details about AUR and if it will be legal to implement the ISK/AUR exchange. I will be mentioning you can use AUR to buy bitcoin but also that it will be used mainly for use in Iceland. Should have answer back next month, I will also be giving the details of the 3
foundation members. Once I have feedback from her I will inform the community to let you know what the real situation is so you more informed.

Please can the foundation members PM me your numbers and email addresses so she can get in contact with you to find out more information.

Pétur Árnason (IC) - Chairman of the Aurarad foundation
Hermann Finnbjörnsson (IC) - Boardmember of the Aurarad foundation
Hlynur Þór Björnsson (IC) - Boardmember of the Aurarad foundation

Will this email address aurarad@aurarad.is be fine ?

Since this has been a topic of discussion:

Our lawyer sent letters to the Central bank and the FSA because we want to run a cryptocurrency brokerage business/exchange in Iceland trading, buying and selling etc.
These two letters are the formal letters from the Central Bank and the FSA in Iceland that our lawyer received.

The first letter is from the Central Bank and signed by the Deputy Governor.

http://i.imgur.com/xuaNLyf.jpg

Notice the beginning of the last two paragraphs:

"Laws do not require you to get any license to do business with cryptocurrency"

and

"Currently there are no laws that will call for government intervention regarding business like you describe ".

This is the formal letter from the Legal department of the Financial Supervisory Authority

http://i.imgur.com/qUiy3Dl.jpg

Notice the last paragraph in yellow "Doing business with crypto does not require any license from the FSA"

Why is bitcoin illegal in Iceland but not AUR or is bitcoin not illegal based on the above? AUR is really a bad clone of bitcoin but inherently performs the same function. Once you in the system you can bypass exchange controls. I believe this is what the user wants to find out.