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.
We are closely following the Iranian presidential election the days preceding and on election day May 19th 2017. Let’s hope for another progressive and diplomatic administration.
We have decided to make a move into the remittance market, since functioning remittance transfers is a prerequisite for cross-border investment and is also a business opportunity in its own right. More details coming soon.
We have been added to a new Swedish site Bolag-utan-Bank.se tracking the bankless ecosystem.
CoinDesk just released a nice article on us!
Here we have some nice coverage from bitcoin.com.
We are currently receiving a lot of enquiries which is exciting. We just want to clear up a few misunderstandings:
- We are an investment company – not a brokerage. We only have investors – no clients.
- What we are looking for is one or a few angel investors. We do not have a public offering.
- We are not performing an ICO.
- We are just starting up, so we have not performed any investments in Iran at all. We will have our funds transfer process audited before proceeding.
More updates will come soon. Thank you for your interest in us!
This is exciting times! Yesterday we received some great coverage from Finance Magnates. Check it out here!
Finally, we are all set to venture out into our brave new world. In this blog we will share some of our discoveries as we travel through the uncharted territory of Iran investments and other seemingly ugly investment ideas.
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