Reason for this visit

The UAE is praised as one of the EU's most friendly countries to encryption technology. The UAE government's support for cryptocurrency and blockchain technology puts the country at the top of Malta, South Korea and Singapore. These three countries have shown great support for the industry. They are currently considered the preferred destination for any blockchain and cryptocurrency business. In order to allow investors to truly understand the current status of the UAE cryptocurrency exchange, the survey team went to the UAE for this on-site investigation.

On-site visit

This time the survey team visited the cryptocurrency exchange Coinhub in Dubai, UAE, with specific address at Dubai silicon oasis technohub 2.

The survey personnel came to the destination of the survey based on the above address, which was located in a park in Silicon Oasis, Dubai, UAE. According to the official address, the sign of the Exchange Coinhub was not seen on the front of the building.

Due to the large size of the building, the investigators searched around the entire building but did not find the logo of Coinhub.

The security personnel of the building did not let the investigating personnel in, and told them that there was no such company at this address. The dealer did not exist here.

Conclusion

The survey team went to Dubai, UAE to visit the cryptocurrency exchange Coinhub, and found no business premise of the exchange, which means the given business address might be fake. Please be prudent if trading with this exchange. 

Disclaimer

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