Reason for this visit

Estonia is a popular region for cryptocurrency activities. Thanks to the Estonian government's open regulation and positive attitude towards cryptocurrencies, more and more crypto exchanges are planning to take on this market. To help investors or practitioners get a more comprehensive understanding of the local exchanges, the survey team decided to go to the Republic of Estonia for on-site visits.

On-site visit

This time the survey personnel went to visit the cryptocurrency exchange Folgory in Tallinn, the capital of Estonia. The survey address is Peterburi tee 47, Lasnamäe linnaosa, Tallinn, Harju maakond, 11415 Estonia.

Based on the above address, the investigators came to the destination of the current investigation, which is a building located in Peterburi tee 47, Tallinn, Estonia. The building is not high and looks a bit old in appearance, and the neighborhood is not very prosperous.

The investigators entered the building and were surprised to find that the office address of the cryptocurrency exchange Folgory publicly displayed a workshop warehouse. It is possible that the exchange borrowed this address to register the company, and there is no real business venue here.

Conclusion

The investigators went to Tallinn, the capital of Estonia, to visit the cryptocurrency exchange Folgory. On its publicly displayed address, they did not find the exchange’s office space, but a workshop warehouse. Therefore, we can conclude that the cryptocurrency exchange Folgory has no real business venue here. Investors are advised to choose this exchange carefully.

Disclaimer

The content is for informational purpose only, and shall not be taken as final order for making choice.