Taxes

Do I have a bank account in Iceland?

While Monerium is an Icelandic company, all VIBANs issued to our customers are provisioned by LHV, an Estonian bank.

How to report to the tax authorities?

Unfortunately, since the countries where we are able to provide our services implement different tax regimes for crypto- and digital assets, we are not able to give you information as to how your activity will be taxed or classified by your local/national tax authority.

However, it should be noted that the instrument you hold, issued by Monerium, qualifies as electronic money or, more specifically, an e-money token under MiCA.

If you are in doubt as to how you should report or classify your activity on the Monerium account, you should consult with a local expert (e.g. lawyer, accountant, etc.)

Such experts should be able to provide you with the necessary information due to us stating the laws by which we operate in our terms of service.