BNW Investments suspends Iran ambitions after cryptocurrency ban

The Central Bank of Iran has decided to ban cryptocurrency dealings after a long period of uncertainty regarding the legality of the asset class inside the Islamic republic. Brave New World Investments are therefore suspending their plans in relation to Iran, effective immediately.

The company had conducted some analysis into the feasibility of operating in Iran, but had not reached the point of entering into any transactions with an Iranian counterparty or in relation to Iran, primarily due to the uncertainty that preceded the ban.