Binance cryptocurrency exchange announced the closure of its Uganda subsidiary. The process will take place in three stages and will be completed on November 28.
\n
\n
The company urged users to switch to the main platform, which can meet their needs. The first phase began on October 28 — the exchange closed registration and deposits in local and digital currencies.
\n
Users can trade tokens and withdraw funds until November 11. On that day, the second phase will be launched, and the final is scheduled for November 28. After a full shutdown, the system and accounts will be unavailable.
\n
Binance added that balances that are insufficient to cover fees will be donated to the Binance Charity.
\n
The exchange opened its Uganda subsidiary in June 2018. Binance CEO Changpeng Zhao explained that the decision reflected a desire to spread cryptocurrency to all parts of the world.
\n
Earlier in October 2020, the trading platform announced the closure of its subsidiary on the island of Jersey.
\n
Follow ForkLog news on VK!