New Swedish Firm Offers Iranian Stock Investment for Bitcoin

Brave New World Investments AB, a new firm registered in Sweden, is now looking for angel investors prepared to buy the company's shares. The funds will be used to trade in equities on the Tehran Stock Exchange. It does this on behalf of its European shareholders while also searching for angel investors among the Persian and bitcoin communities in Europe.

The team behind the venture is Mairtin O'Duinnin and Mikael Johansson, both with experience in finance and technology in Europe and the Middle East. Brave New World is the first known company in Sweden to incorporate without a bank account and handled all the initial funding in bitcoin. It was prevented by the Swedish banks due to fears that their US operations would be affected by the American financial sanctions if the banks allowed Swedish-Iranian business.

Johansson commented to Finance Magnates: “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 European Union stopping us.

Instead of giving up the idea we side-stepped the Swedish banking system and funded it on the Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term - which the Swedish company registration accepted - after many meetings. Now we simply do not have a Swedish bank account (however we will soon have an Iranian bank account for the equity investments). We pay our bills, shareholder dividends, Iran deposits - everything - in Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

There are no sanctions in Sweden or in the European Union obstructing Swedish-Iranian investments, so we are not breaking any laws in our jurisdiction. We religiously follow anti money laundry directives set by the relevant institutions of Sweden and the European Union. Due to the current US sanctions, the company will not have US operations nor US investors for an indefinite future.”