Cryptocurrency exchange Binance announced the opening of offices in Uganda, the number of services which will include the exchange of digital assets in Fiat currency. In an interview with Cointelegraph reported CEO and founder of the exchange, Chanpen Joao.

Binance Uganda will be an independent structure, possessing at the same time “reliable business Association” with the core platform. The new exchange will use the same codebase, operating system and measures to ensure safety original platform Binance.

The decision to launch Binance Uganda, Chanpen jao explained by the desire to spread the cryptocurrency in all parts of the world.

“Only 11% of Ugandans have Bank accounts. Perhaps they will be easier to accept cryptocurrency than trying to raise banking system”, — said CEO Binance, adding that local authorities and regulators have actively supported the development of the new platform.

However, Chanpen jao stressed that the extension piatogo proposal to the stock exchange it is necessary to solve issues relating to customer identification and anti money laundering.

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

We will remind, earlier in June Binance signed with the government of the island of Jersey, a Memorandum of understanding to launch a cryptocurrency exchange that will offer trading in pair with the British pound.