Binance to Open Office in Uganda

Changpeng Zhao wants to spread the crypto currency in all parts of the world
29 June 2018   1005

The Binance currency exchange announced the opening of a unit in Uganda, whose services include the exchange of digital assets for the currency of the country. This is reported by Cointelegraph.

Binance Uganda will be an independent structure, while at the same time possessing a "reliable business association" with the main platform. The new exchange will use the code base, operating systems and security measures of the original Binance platform.

The decision to launch Binance Uganda Changpeng Zhao ​​explained the desire to spread the crypto currency in all parts of the world.

We think that crypto has a very strong use case in less developed countries… there’s more money to be made in a more developed country, but we want to distribute crypto to the rest of the world.
 

Changpeng Zhao

CEO, Binance

At the same time, Changpeng Zhao ​​stressed that to expand the fiat exchange proposal it is necessary to resolve issues related to customer identification and combating money laundering.

In the short term, the company plans to open branches in two or three more regions and continue working on a prototype of its decentralized exchange.

Binance to Go for 8 Hour Maintenance

According to the team, site will go into maintenance on Tuesday, March 12, at 02:00 UTC and 8 hours is the estimated time, which may change in the process
11 March 2019   154

Binance informed about upcoming technical works on the platform, which are expected to last about 8 hours.

According to the new entry on the stock exchange website, the stock exchange will go into maintenance on Tuesday, March 12, at 02:00 UTC.

At this time, accepting deposits, withdrawing funds and trading will be suspended, and deposits that will not be credited to users' accounts before the start of work will be received after their completion.

Also, the exchange noted that 8 hours is the estimated time, which may change in the process.