Monerium has been approved as the first e-money firm in Iceland, marking another step in the countries distancing from BTC.
An Icelandic man accused of stealing millions of dollars’ worth of crypto mining hardware has been sentenced to four years in prison for his alleged crimes.
Iceland is steadily shifting away from crypto mining and focusing its facilities on “pure blockchain” operations, according to industry insiders.
Police in Iceland have charged seven individuals suspected to be involved in the so-called "big Bitcoin heist" that took place early this year.
A ray of hope shined down in Iceland following reports that the 600 cryptocurrency miners stolen in the country could have made its way to China.
Sindri Thor Stefansson, the primary suspect in the "big Bitcoin heist," said he will be bringing his 'illegal' two-and-a-half month detention to the European Court of Human Rights.
Sindri Thor Stefansson, the alleged mastermind of the so-called “big Bitcoin heist,” wrote to Icelandic newspaper Frettabladid and wants to be assured he can go home without being arrested again.