Reason for this visit

Canada is one of the most “crypto-friendly” countries in the world. Local cryptocurrency exchanges have been classified as institutions that provide financial services since the country passed a bill to completely legalize cryptocurrency in June 2020. As a result, Canada becomes the market that global crypto exchanges are competing for. To help investors get a more comprehensive understanding of the exchanges in Canada, 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 Canada to visit cryptocurrency exchange Quebex as planned according to its regulatory address that 3715 Boulevard St- Laurent Montreal, QC, Canada H2X2V7.

The investigators arrived at 3715 Boulevard in Montreal, the second most populous city in Canada, on October 5, 2023, and located a building home to a restaurant/fitness and boxing center near the University of Montreal in the province of Quebec. There were plenty of residential buildings and shops nearby, without an office building. The survey personnel didnt spot any directory nor information relating to company “Quebex” outside the closed building, except for a dining area. Obviously, there was no other company in the independent building.

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

Conclusion

The survey team went to Canada to visit cryptocurrency exchange Quebex, but didnt find the company at its regulatory address. This suggests that the company may just register at the place without a physical business office. Therefore, investors should be cautious in choosing the exchange.

Disclaimer

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