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Iceland

Iceland's cheap geothermal and hydroelectric power made it an unlikely early home for Bitcoin mining, and its 2008 banking collapse gave Icelanders a keen interest in alternatives to traditional finance. Bitcoin is legal, but not legal tender, and the króna remains the official currency. Capital gains on bitcoin are taxed at 22%, and authorities have discussed the strain mining can place on the grid. Service providers are subject to anti-money-laundering rules. Reykjavik's meetups and a scattering of bitcoin-accepting businesses keep the scene alive. Use this map to find the Icelandic places where you can spend sats.

Iceland Map

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