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 the cryptocurrency exchange BULL BITCOIN as planned according to its regulatory address that 249 Rue Saint-Jacques #300 Montreal, QC, Canada H2Y1M6.

The investigators arrived at 249 Rue Saint-Jacques in Montreal, the second populous city in Canada on October 5, 2023, and located a building at a bustling street in the heart of old town of the city. The building lies in close proximity to tourist attractions such as Notre Dame Cathedral, within walking distance to Station Square-Victoria.

Without having access to the building due to its closed door, the survey personnel spotted an outdoor directory, which displayed that suite 300 was occupied by “Clot Avocat Inc.”, and there was no any information regarding company “BULL BITCOIN”.

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

Conclusion

The survey team went to Canada to visit cryptocurrency exchange BULL BITCOIN, but didnt find the company at its regulatory address. This suggests that the company might 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.