RATE Group | Iceland Sees First Official Cryptocurrency Exchange Registration • Live Bitcoin News
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Iceland Sees First Official Cryptocurrency Exchange Registration • Live Bitcoin News

09 Sep Iceland Sees First Official Cryptocurrency Exchange Registration • Live Bitcoin News

Posted at 12:26h in Cryptocurrency News by

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Iceland has seen the first registration of a cryptocurrency exchange with its regulatory body, the Financial Supervisory Authority.

The island nation of Iceland may be small, but it’s becoming a major part of the cryptocurrency ecosystem. The country has seen an influx of Bitcoin miners due to the fact that practically all of Iceland’s electricity is generated by renewable energy. This means that power is cheap, and the cooler clime also lowers energy costs for the mining equipment. Another crypto chapter has started in Iceland as the country’s Financial Supervisory Authority (FME) announces the first registration of a cryptocurrency exchange.

Technically Not the First Crypto Exchange

The cryptocurrency exchange in question is Skiptimynt. The exchange features two trading pairs: Icelandic krona (ISK)/Auroracoin (AUR) and Bitcoin (BTC)/ISK. The krona is the country’s fiat currency. Auroracoin was created in 2014 to be an Icelandic alternative to Bitcoin.

The Nordic country now…

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