Reason for this visit

Turkey has fallen into economic turmoil in the past few months, and the currency lira has depreciated sharply, prompting local people to exchange the lira for bitcoin, foreign currency, and gold. In addition, the Central Bank of Turkey banned cryptocurrency payments in mid-April, which means that local companies are not allowed to conduct transactions involving crypto assets. Regulatory uncertainty, extremely high volatility and crime are considered to be the key reasons behind this decision. In order to help investors get a more comprehensive understanding of the current status of the country's crypto exchanges, the survey team plans to visit the country on site.

On-site visit

In this period, the survey personnel went to Istanbul, Turkey to visit the cryptocurrency exchange Bithesap as planned. The survey address is Esentepe Mahallesi Talatpaşa Cad.No:5/1 Kollektif House.

The survey personnel came to the destination of the survey based on the above address, which is located in Istanbul, the financial center of Turkey. The address of the crypto exchange Bithesap's office is said to be in the well-known local shared office Kollektif House. It's relatively old compared with the surrounding high-rise buildings, and the floor height is also very low. Nevertheless, the location is prosperous, and many financial companies gather.

The investigators were stopped by the security personnel outside the building, who said that internal visits needed to be led by the company staff. However, according to the water sign in the lobby on the ground floor and confirmation by the security staff, the dealer Bitesap does exist in this building.

Conclusion

The investigators went to Istanbul, Turkey to visit the cryptocurrency exchange Bithesap as planned. The office of the exchange can be found on its publicly displayed address, that is to say, the cryptocurrency exchange Bithesap has a real business venue. Nevertheless, the investigators could not enter the office of the exchange, so its specific office scale and operational status remain unknown. Investors are asked to make a sensible choice after careful consideration.

Disclaimer

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