Reason for this visit

Cyprus purchased Greek national debt non-prudently in 2012. When the Greek national debt management defaulted, the Cyprus banking system suffered heavy losses, exceeding 30% of Cyprus’s GDP, and the country’s domestic debt crisis arose. In response to the crisis, the Cypriot government introduced a terrible solution that was opposed by all people, aggravating the crisis. At the same time, some people in Cyprus discovered that various cryptocurrencies whose prices are in an upward cycle, independent of sovereign currencies, may be able to cope with this crisis, so some funds poured into the small cryptocurrency market in an attempt to avoid risks and protect themselves. Gradually, Cyprus has become an active country for cryptocurrency transactions. In order to help investors learn more about the current status of the cryptocurrency exchanges in Cyprus, the survey team is going to Cyprus for site visits.

Office Building

This time the survey team visited the cryptocurrency dealer Amana Capital in Limassol, the second largest city in Cyprus, with specific address at 12 Archiepiskopou Makarou III, Kristelina Tower, Office 302, Mesa Geitonia, Limassol, 4000.   

On-site visit

The surveyors followed the address on the regulatory information to a local landmark building. Amana Capital's office was located in downtown Limassol. The main entrance was inconspicuous in the middle of a row of small stores, but the interior of the building looked upscale.

At the entrance of the building, the surveyors found the name of Amana Capital on the directory. The address displayed by the dealer was the 3rd floor of the building, which was consistent with the information on the directory. 

Also, the surveyors found the name of Amana Capital on the mailbox in the lobby. There was no access control system or reception desk in the lobby. Thus, the surveyors decided to go straight upstairs for a visit.

Arriving on the 3rd floor, the surveyors found Amana Capital's office with their logo on the door. Further, it was found that the dealer was using half of the office on the third floor. However, due to the epidemic, the company staff refused the internal visits. Thus, the surveyors failed to enter the company for a visit in final.

Conclusion

The physical address of Amana Capital, a licensed dealer in Cyprus, was the same as the regulatory address. However, the internal situation of Amana Capital was still unknown as the surveyors did not have access to the office. Investors can make their choice after comprehensive consideration.

Disclaimer

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