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It's no secret that Iceland was hit particularly hard by the global financial crisis. Three of its largest banks were nationalized and the government collapsed. Reykjavik, the nation's capital, saw ...

In a world where international capital floods into and out of national markets, currency-exchange defaults will become more prevalent than government bond defaults. Faced with a demand for foreign ...

Iceland's government worries that cryptocurrencies could severely damage its economy if their boom ends in a bust. It would be especially devastating for a country that is still recovering from the ...

REYKJAVIK (Reuters) - Iceland picked a little-known Norwegian economist on Friday to be caretaker head of its central bank, as the island tries to recover from the collapse of its banking system and ...

The economist Sveinn Valfells has an unusual proposition: Bitcoin should become the Icelandic national currency. At Bitcoin London 2013, Valfells explained that Iceland is an extremely wealthy nation ...

, the "cryptocurrency for Iceland", will begin distributing auroracoins to the country's citizens this week, starting tomorrow, 25th March. The distribution, which is being called Airdrop, will send ...

Iceland’s new prime minister has added her voice to a chorus of key policy makers that want to put an end to the krona’s wild swings. The previous government set up a panel tasked with looking at the ...