Reason for this visit

Cyprus boasts a relatively friendly cryptocurrency-related legislative environment, and currently allows cryptocurrency trading. The government has adopted an open policy to promote digital economy and increasingly strengthen the related regulation by requiring exchange platforms to implement KYC. There are a certain number of cryptocurrency exchanges and blockchain startups in Cyprus, and some merchants and enterprises have started to accept cryptocurrencies like Bitcoin as a payment method, with parts of ATMs supporting withdrawal by cryptocurrencies. In an attempt to help investors to gain a more comprehensive understanding of the exchanges in Cyprus, 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 Cyprus to visit cryptocurrency exchange FXCC as planned according to its regulatory address that 2 Samou Street, Amorosa Centre, 2nd Floor, Germasogeia, 4042, Limassol, Cyprus.

The investigators came to the Amorosa Centre at 2 Samou Street in Germasogeia of Limassol, the second largest city of Cyprus, for an on-site visit to the exchange's office.

Upon reaching the address, the survey personnel located a three-story commercial building near the street. However, people were not allowed to enter without an access card due to the stringent security rules.

There were offices and parking spaces on the ground floor, demonstrating the professional layout of the building. The inspection team noticed an intercom system and a mailbox at the entrance, which prominently indicated that suite 202 was occupied by FXCC Clear Exchange. It suggests the existence of the exchange’s office in the building. Unfortunately, it is not possible to assess the company's office for more details.

Thus, it is confirmed that exchange FXCC has a physical presence at the location.

Conclusion

The survey team went to Cyprus to visit cryptocurrency exchange FXCC as scheduled, and found the company’s name at the aforementioned address. It indicates that the company has a physical business office at the place. Meanwhile, investors are advised to make a sensible decision following much deliberation.

Disclaimer

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