Reason for this visit

Canada is one of the most “crypto-friendly” countries in the world, with the government actively promoting the development of the digital economy, during which cryptocurrencies, as digital assets, play a significant role. Furthermore, Canada is home to multiple well-known cryptocurrency companies. In recent years, the Canadian government has invested substantial resources and money into research and applications of cryptocurrencies and blockchain technology, including decentralized identity authentication, smart contracts, and other areas, indicating that it will continue to play a crucial role in the era of digital economy in the future. As a result, Canada becomes one of the competitive markets for global crypto exchanges. In an attempt to help investors gain a more comprehensive understanding of current exchanges in Canada, WikiBit survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Canada to visit cryptocurrency exchange Ulian as planned according to its regulatory address that 2233 Argentia Road Suites 302 Mississauga, ON, Canada L5N2X7.

The investigators came to 2233 Argentia Road in Mississauga of Ontario, Canada for a visit to the exchange‘s office on December 14, 2023, and located a modern 4-storey commercial building near the quiet street, not far from 401 Express. The building consists of two parts, the East and West, with an outdoor directory which didn’t display the information pertinent to broker Ulian.

Upon access to the building for further investigation, the survey personnel spotted a directory in the lobby, which displayed that suite 302 is occupied by “Regus”, without any information pertinent to Ulian. In the meantime, there wasnt security guard in the foyer.

Upon proceeding to the 3rd floor, the inquiry team didnt discover the name of Ulian nor suite 302 from the floor directory.

Only the company name of Regus could be seen at suite 302, without any sign of Ulian.

Through the on-site investigation, it is confirmed that Ulian doesnt have a presence at the location.

Conclusion

The survey team went to Canada to visit cryptocurrency exchange Ulian, but didnt find the company at its regulatory address. This signifies that the company might just register at the place without a physical business office. Accordingly, investors should be meticulous in choosing the exchange.

Disclaimer

The content is for informational purpose only, and shall not be taken as a final order for making a choice.