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 get 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 FP MARKETS as planned according to its regulatory address that 109 Georgiou Griva Digeni Avenue, Aigeo Court, 2nd Floor, CY 3101, Limassol, Cyprus.

The investigators came to 109 Georgiou Griva Digeni Avenue in Limassol, the second largest city of Cyprus, for a visit to the exchanges office, and located the “Aigeo Court,” a 4-storey commercial building with a well-maintained façade.

Upon arrival at the building for further investigation, the survey personnel spotted a directory both by the entrance and in the lobby, which displayed that the 2nd to 4th floors were occupied FP MARKETS.

And then the inspection team took the elevator to the 2nd floor and saw the company FP MARKETS easily.

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 FP MARKETS, and found the company at its regulatory address. This suggests that it 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.