Stockholm IT Ventures AB Announces Acquisition of Media and Fintech Company on 'Ethereum Island' - Seite 2

Mr Michael Mutie, Team Leader at New World Studios Ltd. commented: "Our team is thrilled to join Stockholm IT Ventures to develop and distribute FinTech solutions in the blockchain/cryptocurrency space. We are convinced that in choosing a Mauritius company, Stockholm IT has made an excellent choice. India, which has seen a third of its foreign direct investment flow through Mauritius, recently revised its tax treaty with the island and as part of a new scheme to invite alternative foreign investment the government has announced that it wants to attract innovative companies such as blockchain start-ups by launching a Regulatory Sandbox License (RSL). The RSL provides companies and start-ups with the opportunity to test innovative products, services, business models and delivery mechanisms in the real market, with real consumers, but with regulatory supervision, and we believe this is going to be an important competitive advantage for the group going forward."

Footnote:

(1)Traders utilizing the BTT Crypto Trading Toolbox realised + 104% in gains in May/June 2018 while the blockchain index fell by 59%. The BTT Crypto Trading Toolbox provides access to in excess of 3,500 markets, more than 45 exchanges and hundreds of bots, signals and indicators. The toolbox is a narrow selection of the best tools available, evaluated on a day-to-day basis.

About BTT Sweden AB

BTT Sweden AB specialises in analysing and developing tools to automate crypto trading powered by AI. During the last six months its team of analysts, developers and traders has been testing most of the available bots, signals and indicators on the market. The aim has been to understand which are profitable and to see through unreliable and/or useless tools. The efforts resulted in a constantly evaluated and updated BTT Crypto Trading Toolbox. The ultimate goal is to enable automated trading while maximizing returns. For more information visit www.blocktradetech.com.

About Stockholm IT Ventures AB

Stockholm IT Ventures AB is a Swedish public company listed on the Frankfurt Stock Exchange since 2014 under the ticker symbol SVAB. The Company specialises in clean and efficient low-cost energy cryptocurrency mining, production and related FinTech and Blockchain technologies. For more information visit www.stockholmit.co. You can also find the Company on Facebook, Twitter and LinkedIn. Details on the Company's Bytemine (BYTM) token and White Paper can be found at www.bytemine.io.

Media Contact:

BTT Sweden AB, Fredrik Waijnstad, [e-mail]

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