Reason for this visit

Cyprus boasts a relatively friendly cryptocurrency-related legislative environment, and currently allows cryptocurrency trading. The government has adopted an open policy to promote digital economy and increasingly strengthen the related regulation by requiring exchange platforms to implement KYC. There are a certain number of cryptocurrency exchanges and blockchain startups in Cyprus, and some merchants and enterprises have started to accept cryptocurrencies like Bitcoin as a payment method, with parts of ATMs supporting withdrawal by cryptocurrencies. In an attempt to help investors to gain a more comprehensive understanding of the exchanges in Cyprus, WikiBit survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Cyprus to visit cryptocurrency exchange GOMARKETS as planned according to its regulatory address that 99 Gladstonos Street, Elnor Hermes Building, 4th Floor, Agia Zoni, 3032, Limassol, Cyprus.

The investigators came to 99 Gladstonos Street in Agia Zoni of Limassol, the second largest city of Cyprus, for an on-visit to the exchanges office, and located the Elnor Hermes, a 4-story commercial building with a well-maintained façade.

Upon arrival at the building for further investigation, the survey personnel learned that people were not permitted to enter without an access card or an appointment in advance, and they discovered through the glass door that there was a directory in the lobby indicating that the 4th floor was occupied by GOMARKETS. According to the security officer on duty, the company was operating in the building.

Through the on-site investigation, it has been confirmed that the exchange has a physical presence at the location.

Conclusion

The survey team went to Cyprus to visit cryptocurrency exchange GOMARKETS, and found the companys name at its regulatory address. It suggests that the exchange has a physical business office at the place. Meanwhile, investors are advised to make a sensible decision following much deliberation.

Disclaimer

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