Reason for this visit

Estonia maintains an open attitude towards cryptocurrencies and actively explores the applications of digital currencies and blockchain technology. The Estonian government and regulatory authorities have been working diligently to formulate relevant policies to ensure market transparency and stability, while also preventing money laundering and other illegal activities. The relatively lenient regulatory environment has led many cryptocurrency exchanges and startups to choose to register and operate in Estonia. However, as global cryptocurrency regulations tighten, Estonia is gradually refining its regulatory framework to ensure the healthy development of the market. With further improvements in regulatory policies, Estonia is poised to become one of the important centers for digital financial innovation in Europe and even globally. As a result, Estonia has become a competitive market that global cryptocurrency exchanges are vying for. In an attempt to provide investors with a more comprehensive understanding of Estonian cryptocurrency exchanges, WikiBit survey team is determined to go to the country for on-site visit to local companies.

On-site visit

In this issue, the survey team went to Estonia to visit cryptocurrency exchange CoinField as planned according to its regulatory address that Tornimäe tn 5, Kesklinna linnaosa, Tallinn, Harju maakond, 10145.

The investigators came to Tornimäe tn 5 in Harjumaa of Tallinn, Estonia for a visit to the exchange‘s office on January 19, 2024, and located one of the most renowned modern commercial buildings in the city. There was a steady traffic of people on the bustling street. And an outdoor directory in front of the building didn’t display any information pertinent to cryptocurrency exchange CoinField.

Upon access to the building for further investigation, the survey personnel spotted a shopping mall, restaurants, and clothing stores, but didnt discover any sign of cryptocurrency exchange CoinField.

Through the on-site investigation, it is confirmed that the company doesnt have a physical presence at the location.

Conclusion

The survey team went to Estonia to visit cryptocurrency exchange CoinField as planned, but didnt find the company at its regulatory address. This indicates that the company may just register with the address without a physical business office. Therefore, investors are advised to choose the exchange cautiously.

Disclaimer

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