Sweden-based Brave New World Investments announced that it is now starting up investments in Iran, making investors; especially the ones in Europe to put their money in the Iranian market.
According to the reports by Finance Magnates, the Brave New World Investments model is built entirely around bitcoin. The firm is now accepting deposits in bitcoin that will be converted into Iranian Rial and invests in equities on the Tehran Stock Exchange.
The company was first in Sweden to incorporate without a bank account and handled all the initial funding in bitcoin.
“We got to think of the venture as the sanctions against Iran were starting to get dismantled in early 2016. However, due to US financial sanctions still in effect against Iran, none of the Swedish banks wanted to help us – despite there being no relevant sanctions against Iran in Sweden or the European Union stopping us,” Mikael Johansson, the man behind the venture, stated. “We pay our bills, shareholder dividends, Iran deposits – everything – in cryptocurrencies.”
The Brave New World Investments has claimed to have the required regulatory checks including anti-money laundering directives in order to make sure that the business is run. With the help of the investment firm, European shareholders, Bitcoin community members, and Persian angel investors can own and manage diverse equity portfolio in Iranian stocks, newsbtc.com reported.
The company has an Iranian bank account in order to facilitate equity investments and with the new move of opening up investments in Iran, investors in Europe are invited to give it a try in the upcoming days.
