Reason for this visit
Turkey has fallen into economic turmoil in the past few months, and the currency lira has depreciated sharply, prompting local people to exchange the lira for bitcoin, foreign currency, and gold. In addition, the Central Bank of Turkey banned cryptocurrency payments in mid-April, which means that local companies are not allowed to conduct transactions involving crypto assets. Regulatory uncertainty, extremely high volatility and crime are considered to be the key reasons behind this decision. In order to help investors get a more comprehensive understanding of the current status of the country's crypto exchanges, the survey team plans to visit the country on site.
In this period, the survey personnel went to Istanbul, Turkey to visit the cryptocurrency exchange Bitay as planned. The survey address is Büyükdere Caddesi 102 Maya Center; İstanbul, Turkey.
The survey personnel came to the destination of the survey based on the above address, which is located in Istanbul, the financial center of Turkey. The address of the office of the crypto exchange Bitay is said to be in the Maya Center. The building looks very impressive and the location is very prosperous, where there are many financial companies.
The investigators found their office at the end of the corridor on the first floor. The glass is frosted. You need to get closer to find their office. You can't see it from a distance.
The investigators found the company LOGO of the exchange at the front desk of the office. Unfortunately, there was no one at the front desk at the time. The investigators could not enter the office of the exchange, nor could they observe the inside of the office from the outside.
The investigators went to Istanbul, Turkey to visit the cryptocurrency exchange Bitay as planned. The office of the exchange can be found on its publicly displayed address, that is to say, the cryptocurrency exchange Bitay has a real business venue. Nevertheless, the investigators could not enter the office of the exchange, so its specific office scale and operational status remain unknown. Investors are asked to 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
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