Reason for this visit

The UAE is one of the most crypto-friendly countries in the EU, and its government’s support for cryptocurrencies and blockchain technology has led the UAE to the top list in countries such as Malta, South Korea and Singapore. The three countries, which have shown great interest in the industry, are currently considered the top destinations for blockchain and cryptocurrency business. In order to give investors a real understanding of the current status of cryptocurrency exchanges in the UAE, the survey team is going to the UAE for site visits.

On-site visit

This time the survey team went to Dubai, the capital of the United Arab Emirates, to visit the cryptocurrency exchange Hot Forex. The survey address is Unit 612, Level 6,Index tower, DIFC, PO Box 507274, Dubai, UAE.

According to the above address, the survey personnel came to the destination of this survey, which is located in one of the landmarks in the Dubai International Financial Center District. Its design is completely different from traditional skyscrapers, and it is the first index building in Dubai designed in response to the regional climate.

The building is an 80-story mixed residential and office building in a prosperous location overlooking the Burj Khalifa. However, despite searching around the first floor of the entire building, the survey personnel did not find the logo of the exchange Hot Forex.

The investigators found a display screen in the lobby showing the water signs of all the companies in the building. The name of the cryptocurrency exchange Hot Forex was not in it, and the security personnel said that they had never heard of the exchange here.

Conclusion

The investigators went to Dubai, United Arab Emirates to visit the cryptocurrency exchange Hot Forex as planned, but did not find the office of the exchange on its publicly displayed address. Therefore, the cryptocurrency exchange Hot Forex may not have a real business venue here, or may have simply registered the company at this address. Investors are advised to choose this exchange carefully.

Disclaimer

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