Auroracoin (AUR)

Auroracoin is a cryptocurrency for Iceland. It is based on litecoin and is 50% premined. Auroracoin was created as an alternative currency to address the government restrictions on Iceland's króna, in place since 2008, which severely restricts movement of the currency outside the country.Iceland's Foreign Exchange Act also prohibits the foreign exchange of bitcoins from the country, according to a government minister. Auroracoin was the first of a number of country-based cryptocurrencies.

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