Reason for this visit

Cyprus purchased Greek national debt non-prudently in 2012. When Greek national debt management defaulted, the Cyprus banking system suffered heavy losses, exceeding 30% of Cyprus’s GDP. The country’s domestic debt crisis arose consequently. In response to the crisis, the Cypriot government introduced a terrible solution that was opposed by the people, aggravating the crisis. At the same time, some Cypriot people found that cryptocurrencies, whose prices were in an upward cycle, independent of sovereign currencies, might be able to cope with this crisis. As a result, some funds poured into the small cryptocurrency market in an attempt to avoid risk. Gradually, Cyprus has become an active country for cryptocurrency transactions. In order to help investors truly understand the current status of the cryptocurrency exchanges in Cyprus, the survey team is going to Cyprus for on-site investigations.

On-site visit

In this period, the survey team went to Limassol, the second largest city in Cyprus, to visit the cryptocurrency exchange eXcentral as planned. The survey address is Agiou Athanasiou, 66 Toumazis Linopetra Building, 4102, Limassol,Cyprus.

The survey personnel came to a three-story office building according to the address on the supervision information. The office of eXcentral is located in the east of Limassol, Cyprus, and is on a main road with convenient transportation. The exterior of the building is relatively old, but the interior decoration is high-end.

The survey personnel contacted the marketing department of eXcentral through the access control phone on the first floor. Although the Marketing Department declined the survey personnel's request to enter the company on the grounds of the epidemic, the employees allowed the survey personnel to go upstairs to photograph the outside of the office.

The survey personnel found that the water sign of eXcentral was posted on the elevator of the office building, which was consistent with the floor disclosed.

The survey personnel found the LOGO of the trader eXcentral in many places in the building, and contacted the trader by phone. It is a pity that the survey personnel were not able to enter the company for internal visit, but the dealer's office does exist.

Conclusion

The actual address of the dealer eXcentral Cyprus licensed company is consistent with the regulatory address. The office has convenient transportation and good decoration, and the office space is real. Investors can 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.