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🇮🇸 Iceland

Central Bank, MiCA in force

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-08-15 Next review 2026-08-29

Data verified: oldest cell 46 days ago (verified 2026-07-07). Individual cells show their own verification date below.

Capital requirement Capital requirement is included with access. Included with access Timeline to authorisation Timeline to authorisation is included with access. Included with access Application cost Application cost is included with access. Included with access Passporting Passporting is included with access. Included with access

Licence type

Crypto-Asset Service Provider (CASP) authorisation under MiCA (Regulation (EU) 2023/1114), given domestic legal effect by Act No. 101/2025 on markets for crypto-assets (markadir fyrir syndareignir)

Verified 7 days agoSource: https://www.althingi.is/altext/157/s/0587.html (Act No. 101/2025, Althingi); https://cb.is/financial-supervision/other-undertakings/crypto-asset-service-providers/

Regulator

Central Bank of Iceland (Sedlabanki Islands), Financial Supervision (Fjarmalaeftirlitid), the sole competent authority under Act No. 101/2025

Verified 7 days agoSource: https://cb.is/financial-supervision/other-undertakings/crypto-asset-service-providers/ (Central Bank of Iceland); https://www.althingi.is/altext/157/s/0587.html

Recent changes

Iceland enacted Act No. 101/2025 on markets for crypto-assets on 24 December 2025, in force from 1 January 2026, giving MiCA (Regulation (EU) 2023/1114) legal effect domestically with the adaptations in EEA Joint Committee Decision 41/2025 (adopted 20 February 2025, in force in the EEA from 24 June 2025). The transitional period for providers active before 30 December 2024 ran until 1 July 2026 or until a licence was granted or refused, whichever came first. On 25 June 2026 the Central Bank granted Myntkaup ehf an operating licence as a virtual asset service provider, Iceland's first CASP authorisation.

Verified 7 days agoSource: https://sedlabanki.is/frettir-og-utgefid-efni/grein/myntkaup-ehf-faer-starfsleyfi-sem-thjonustuveitandi-syndareigna (Central Bank of Iceland); https://www.althingi.is/altext/157/s/0587.html (Act No. 101/2025)

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Not legal advice. Entries marked placeholder or awaiting verification shouldn't be relied on. Verify with Iceland's regulator and qualified local counsel before acting.