Reason for this visit

The financial status of Singapore in the Asia Pacific region is extremely significant. While the digital asset market is rising upward, many exchanges around the world are coveting this market. To help investors know more about the local exchanges, the survey team plans to go to Singapore to for on-site visits.

On-site visit

This time the survey team visited the cryptocurrency exchange Velic Platform in Singapore, with specific address at 16 Raffles Quay, No 16-05 Hong Leong Building Singapore, 048581 Singapore.

According to the above address, the survey team came to an office building at 16 Raffles Quay, Singapore. The building is consisted of North Tower and South Tower, with the south tower being 29 stories high and the north tower being 50 stories high. The bottom of the building is directly connected to Exit J of Raffles, providing convenient transportation.

No logo or name of the cryptocurrency exchange Velic Platform was found on the floor directory.

The survey team went to office 1605 and found a company in the law industry, which is known to be involved in some blockchain business, but it is still not sure what the cryptocurrency exchange Velic Platform has to do with this law firm.

Conclusion

The survey team went to Singapore to visit the cryptocurrency exchange Velic Platform, and found a law firm on the public business address of the exchange, which means the cryptocurrency exchange Velic Platform has no physical business premise. Please be prudent if trading with this exchange. 

Disclaimer

The content is for informational purposes only and it is not intended as a recommendation or advice.