Iceland steals the spotlight yet again – and this time for its cryptocurrency regulations. The Financial Supervisory Authority (FME), the sole advisory for the financial sector in the country, has announced the legalization of the use of cryptocurrencies in the country. By offering license to the country’s first ever cryptocurrency firm called Monerium, FME has legally authorized the institution to facilitate secure and efficient digital assets transactions in the country. Monerium to take charge With a platform that is grounded on blockchain technology, Monerium has been tasked with legitimizing the business transactions in Iceland taking into consideration electronic money regulations
