Reason for this visit

Canada is one of the most “crypto-friendly” countries in the world. Local cryptocurrency exchanges have been classified as institutions that provide financial services since the country passed a bill to completely legalize cryptocurrency in June 2020. As a result, Canada becomes the market that global crypto exchanges are competing for. To help investors get a more comprehensive understanding of the local exchanges, WikiBit survey team decided to go to Canada for on-site visits to them.

On-site visit

In this issue, the investigation team went to Toronto, Canada to visit the cryptocurrency exchange BIJIU (licensee: COIN 9 TECHNOLOGY CO., LTD.) as planned according to its regulatory address that 99 YORKVILLE AVENUE SUITE 200 TORONTO, ON, CANADA M5R3K5.

The survey personnel arrived at the destination on June 12 in Toronto, the largest city of Canada and the capital of Ontario. A building is situated at 99 Yorkville Avenue boasting some stores nearby without much traffic. From the company directory at the entrance, it could be seen that the second floor was occupied by “Spaces”, but there was no related information about exchange BIJIU.

During the investigation, the survey personnel spotted an open-air dining area of the restaurant on the first floor.

After reaching the second floor of the building, the investigators just saw the name of “Spaces” on the wall, which is as we all know a shared office designed for collaborative working, which provides services such as office environment and conference rooms. However, there was no information about BIJIU.

After an on-site investigation, it is confirmed that BIJIU doesnt have a presence here.

Conclusion

The survey personnel went to Toronto, Canada to visit the cryptocurrency exchange BIJIU, but didn‘t find the company’s office at its regulatory address, which suggests that it doesnt have a physical business office there or just registered at the location. Therefore, investors are advised to choose this exchange cautiously.

Disclaimer

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