There's no source cited in the linked article other than The Daily Mail. For the unfamiliar, they're a British 'news outlet' who are notorious for writing articles that grossly misinterpret source data, to forward their own agenda.
(In Google translation) he says porn is already illegal in Iceland (which it is [1], punishable by prison), and he's advocating more enforcement of this, with police resources.
That a minister would like it to be law doesn't mean Iceland "may soon" adopt it, at least for any reasonable interpretation of the expression. Mr. Jonasson isn't even part of the legislative branch, and his party is only the third in the Parliament.