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IS Iceland

Central Bank of Iceland, EMI (EMD2)

Crypto (CASP) E-Money (EMI)
Last verified 2026-07-03 Next review 2026-07-17

Data verified: oldest cell 1 day ago (verified 2026-07-02). Individual cells show their own verification date below.

Licence type

Operating licence for electronic money institutions under Iceland's Act No. 114/2021 on Payment Services (EMD2/PSD2 transposition, as an EEA EFTA state)

Verified 2026-07-02 Source: Act No. 114/2021 on Payment Services: https://www.cb.is/library/Skraarsafn---EN/Laws/Act%20No.%20114%202021%20on%20Payment%20Services.pdf

Regulator

Central Bank of Iceland (Seðlabanki Íslands), Financial Supervisory Authority functions merged into the Central Bank of Iceland from 1 January 2020 (formerly Fjármálaeftirlitið / FME, a standalone authority 1999-2019)

Verified 2026-07-02 Source: Central Bank of Iceland: https://cb.is/financial-supervision/other-undertakings/electronic-money-and-payment-services/ ; Wikipedia (FME history): https://en.wikipedia.org/wiki/Financial_Supervisory_Authority_(Iceland)

Capital requirement 🔒

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EMIs authorised 🔒

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Recent changes

Iceland's e-money institution Monerium EMI ehf received the world's first e-money licence explicitly for blockchain-based issuance (2019) under EU e-money rules, passportable across the EEA, illustrating Iceland's relatively crypto/blockchain-friendly EMI stance

Verified 2026-07-03 Source: Monerium press release: https://monerium.com/press/20190614-emi/

Difficulty rating 🔒

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Capital, timeline, costs, substance, passporting, restrictions and difficulty, with sources and verification dates. Deciding now? The one-off Founder Pass (£349) unlocks everything for 30 days. The free showcase jurisdiction shows you the exact format and quality first.

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Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Iceland's regulator and qualified local counsel before acting.