WTF?
http://www.bezpeka.com/ru/news/2010/06/21/Wikileaks-Iceland.html
https://blockchain.info/address/1HB5XMLmzFVj8ALj6mfBsbifRoD4miY36v
Due to the capital controls put in place in 2008 to stop money flight on the króna, buying and selling Bitcoin in Iceland, which appears to consider Bitcoin as a foreign currency, is Illegal. The Icelandic Central Bank confirmed "It is prohibited to engage in foreign exchange trading with the electronic currency Bitcoin, according to the Icelandic Foreign Exchange Act.", however commentators suggest bitcoins mined within Iceland could be freely traded.
http://www.mbl.is/vidskipti/frettir/2013/12/19/hoftin_stodva_vidskipti_med_bitcoin/
http://cryptorise.info/news/bot-protiv-bitcoin-co-ltd/