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Informational only, not legal advice. Verify with qualified counsel before acting. Full disclaimer

🇮🇸 Iceland

Central Bank, MiCA in force

Crypto (CASP / VASP) E-money (EMI)
Last verified 2026-07-07 Next review 2026-07-21 Counsel available - get introduced

Data verified: oldest cell 1 day ago (verified 2026-07-07). Individual cells show their own verification date below.

Iceland's decision numbers are one step away

Capital, timeline, costs, substance, passporting, restrictions and difficulty rating — each with its source and verification date. Unlock Iceland for £349: 30 days, everything included.

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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 yesterday Source: 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 yesterday Source: 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 1 January 2026, giving MiCA (Regulation (EU) 2023/1114) legal effect domestically with the adaptations in EEA Joint Committee Decision 41/2025. That JCD was adopted on 20 February 2025 and entered into force in the EEA on 24 June 2025. The transitional period for providers active before 30 December 2024 runs until 1 July 2026 or until a licence is granted or refused.

Verified yesterday Source: https://www.althingi.is/altext/157/s/0587.html (Act No. 101/2025, Althingi); https://www.efta.int/eea-lex/32023r1114 (EFTA factsheet, JCD 41/2025)

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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.