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.
In this period, the survey team went to Limassol, the second largest city in Cyprus, to visit the cryptocurrency exchange Nessfx as planned. The survey address is Theklas Lysioti, 4 Harmony House, 3rd floor, Office 31, 3030, Limassol.
The survey personnel came to a shared office building according to the address on the supervision information. The Nessfx office is located in the old town of Limassol, Cyprus. The investigators arrived at the office building according to the address, and the side of the office building was Limassol City Park.
The investigators found on the water sign at the entrance of the building that the company name was consistent with the floor disclosed on the website.
The investigators found the name of the trader Nessfx on the mailbox in the lobby. There was neither access control system nor front desk in the hall, so the survey personnel decided to go upstairs to visit.
The investigators found the dealer's office on the third floor, facing the elevator, with a LOGO posted on the door. However, no one responded after the survey personnel rang the doorbell, so they did not enter the company to visit.
The actual address of the dealer Nessfx Cyprus licensed company is consistent with the regulatory address, and the office has convenient transportation. Nevertheless, the survey personnel did not enter the company to visit, so the internal situation is unknown. Investors can make a sensible choice after careful consideration.
The content is for informational purpose only, and shall not be taken as final order for making choice.
2-5 years | Suspicious Regulatory License | Medium potential risk