Reason for this visit

Cryptocurrency activities are welcome in Estonia. Thanks to Estonian government's open regulation of cryptocurrencies in a positive manner, an increasing number of crypto exchanges are planning to join this market. To help investors or practitioners have a better understanding of these exchanges in Estonia, WikiBit survey team is going to the country for on-site visits to the local companies.

On-site visit

The survey team visited cryptocurrency exchange CoinLoan (licensee: CoinLoan OÜ) in Tallinn, capital of Estonia according to its regulatory address that Narva mnt 7-634 Tallinn.

The investigators arrived at Narva mnt 7, Tallinn, where a modern office building was situated. There was a company directory displayed on the glass door of the building, from which the survey personnel didnt see any information about exchange CoinLoan.

After entering the building, the investigators found the reception area and company directory in the foyer. From the company directory, there was no related information about CoinLoan. According to the receptionist, she never heard of the cryptocurrency exchange called CoinLoan in the building.

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

Conclusion

The survey team went to Tallinn, Estonia to visit cryptocurrency exchange CoinLoan as planned, but didnt find the company at its regulatory address. It suggests that the company just registered at the place without a physical business office. Therefore, investors are advised to choose the exchange cautiously.

Disclaimer

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