Reason for this visit
As the smallest member of the European Union, Malta, a Mediterranean island country, hopes to becomes one of the most crypto-friendly regions in the world through perfect policies and regulations. Binance and OKEx, two of the world's top five cryptocurrency exchanges, chose Malta as their operation center, and then other exchanges followed suit. In order to help investors have a comprehensive understanding of the country's cryptocurrency exchanges, the survey team went to Malta for on-site visits.
In this issue, the investigation team went to Ta' Xbiex, Malta to visit the cryptocurrency exchange GKFX as planned according to the regulatory address it claims that Floor 5, The Penthouse, Global Capital, Testaferrata Street.
The investigation team arrived at the destination on February 13, 2023 in accordance with the above address, where an office building, called “LifeStar”, could be seen easily, standing on the side of the street.
The survey personnel entered the building, but didn’t find the logo and name of the cryptocurrency exchange GKFX from the company directory, indicating that GKFX does not have a physical business office here.
The investigators went to Ta' Xbiex, Malta to visit the cryptocurrency exchange GKFX as scheduled, but did not find the physical business office at its publicly displayed business address. Investors are advised to choose this exchange carefully.
The content is for informational purpose only, and shall not be taken as a final order for making a choice.
5-10 years | Common Financial Service License | Suspicious Overrun | High potential risk
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