31 Mar '17, 11pm

Investment Firm Will Use Bitcoin To Avoid US Sanctions On Iran

A Swedish investment company is using the cryptocurrency Bitcoin to avoid U.S. financial sanctions, allowing investors to invest in the economy of one of the world’s foremost sponsors of terrorism. Brave New World Investments, established by Mairtin O’Duinnin and Mikael Johansson, allows international investors to put money into the Iranian stock market without requiring a Swedish bank account. European sanctions on Iran were removed starting in 2016 as part of the 2015 Joint Comprehensive Plan of Action, otherwise known as the Iran nuclear deal, but Swedish banks do not allow investment in the Iranian economy because of U.S. financial sanctions, according to Johnsson. “We got to think (sic) of the venture as the sanctions against Iran were starting to get dismantled in early 2016,” Johansson told Finance Magnates , a financial news site. “However, due to U.S. financial sa...

Full article: http://dailycaller.com/2017/03/27/investment-firm-will-us...

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