Quote from: LTEX on April 06, 2016, 10:42:07 AM

Quote from: Porte on April 06, 2016, 10:35:37 AM

Quote from: rocanonz on April 06, 2016, 08:56:29 AM

Icelands Pirate Party Tops Opinion Polls, Leader Seeks to Create Switzerland of Bits // 2015-06-25
http://cointelegraph.com/news/icelands-pirate-party-tops-opinion-polls-leader-seeks-to-create-switzerland-of-bits

Just one question please, by reading this article I noticed the following'' Iceland became one of the few jurisdictions to ban digital currency outright in March 2014''

If digital currency is ban how are you allowed to start to put huge posters in all 100 bus terminals? it would not be against the law as digital currency is ban? if digital currency is banned in Iceland how can you start an exchange or anything else? I know I am missing something and I like to understand this as I think Aurora has a good future if all goes according to plan but I need to understand the above.

Thanks

Quote from: Skarfur on April 05, 2016, 03:21:43 PM

This statement "Iceland placed an outright ban on cryptocurrencies late in 2014" is completely false.

Iceland never put a ban on cryptocurrencies, this was a massive misunderstanding. The reason for the misunderstanding is that the central bank gave a statement that they would not make an exception on the capital controls and sell the public foreign currency for the purpose of purchasing cryptocurrencies.

Auraráð, the Icelandic Auroracoin foundation has sent legal requests to The Central Bank of Iceland, The Financial Supervisory and the Directorate of Internal Revenue requesting legal stance on trade and usage of cryptocurrencies. All of them responded (the letters were posted somewhere back in the thread) where they stated that there is nothing illegal with using cryptocurrencies nor trading them for products or the Icelandic Króna (ISK). Later we even got a statement from the Directorate of Internal Revenue (tax authorities) that trading cryptocurrencies with ISK is considered a currency trade and as such it should not bear VAT.

Just clearing up the misunderstanding again.

Thank you very much LTEX for the explanation, all its very clear. Someone should write to the cointelegraph to rectify that sentence as its false.