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 Limassol, the second largest city of Cyprus, to visit cryptocurrency exchange IC MARKETS as planned according to its regulatory address that 86 Franklinou Roosvelt, 4th Floor, Office 401, CY 3011 Limassol, Cyprus.

The investigators came to 86 Franklinou Roosvelt in Limassol, Cyprus for a visit to the companys office, and located a 4-storey commercial building with a well maintained façade.

Upon arrival at the building for further investigation, the survey personnel spotted a directory in the lobby, which displayed that IC MARKETS was situated in suite 401 on the 4th floor. Then they took the elevator to the floor and easily discovered the companys name and logo at the door of office 401.

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

Conclusion

The survey team went to Limassol, Cyprus to visit cryptocurrency exchange IC 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.