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 Counos (licensee: Counos OÜ) in Tallinn, capital of Estonia according to its regulatory address that Narva mnt 19 - 65, Tallinn, Harjumaa, Estonia, 10120.

The investigators arrived at Narva mnt 19, Tallinn, where a residential apartment was situated, instead of an office building. And there was no company operating business in the apartment.

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

Conclusion

The survey team went to Tallinn, Estonia to visit cryptocurrency exchange Counos 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.