Reason for this visit
Estonia, known as one of the EU's most crypto-friendly countries, revoked the licenses of more than 1,000 cryptocurrency companies in 2020. Estonia's financial intelligence unit, FIU, has already revoked approximately 70% of the licenses of cryptocurrency companies operating in the country this year. Estonia has enacted a series of laws that seem to be aimed at encouraging exchanges and ICOs, and is regarded by many as a pioneer in the crypto industry. However, a major change in its regulatory environment later made it more difficult for licensed crypto companies to comply with local regulations. In order to help investors learn more about the current status of the Estonian cryptocurrency exchanges, the survey team is going to Estonia for site visits.
This time the survey team went to Tallinn, the capital of Estonia, to explore the cryptocurrency exchange Coincasso as planned. The survey address is Roosikrantsi tn 2-K521, 10119 Tallinn, Estonia.
The survey personnel came to the destination of the current survey based on the above address, which is located in Roosikrantsi Street, Harju County, Tallinn, Estonia. It is a high-rise commercial building, the bottom of which is a row of shops. The logo of the cryptocurrency exchange Coincasso was not seen outside the building.
The survey personnel entered the building, and found that there was a lobby on the ground floor, where the logo of Coincasso was not found either.
According to the official address Roosikrantsi tn 2-K521, 10119 Tallinn, Estonia, the survey personnel failed to find the floor of the cryptocurrency exchange Coincasso on the company nameplate guide.
The investigators went to Tallinn, Estonia to visit the cryptocurrency exchange Coincasso as planned. They did not find the office of the exchange based on the publicly displayed address. Therefore, the cryptocurrency exchange Coincasso might not have a real business place, or might simply register the company at that address. Investors are advised to choose this exchange carefully.
The content is for informational purpose only, and shall not be taken as final order for making choice.
1-2 years | Suspicious Regulatory License | High potential risk