Key Takeaways
- The Venezuelan government, through state-owned ISP CANTV, blocks access to Binance, impacting thousands of users.
- This censorship restricts Venezuelans' access to their savings and Binance’s popular peer-to-peer market.
- Binance acknowledges the issue and assures users that their funds are secure despite access limitations.
Venezuelan Government Blocks Access to Binance
CANTV, the state-owned internet service provider in Venezuela, has started blocking access to the Binance cryptocurrency exchange.
This block affects thousands of Venezuelans who rely on Binance for buying and selling Bitcoin.
The Venezuelan government's censorship actions have increasingly targeted the Bitcoin industry.
Censorship Impact on Users
The block also impacts access to other popular platforms, such as Mercado Libre, Signal, and Reddit.
Binance acknowledged the situation, informing its Venezuelan customers about the access restrictions through an email.
Despite the restrictions, Binance assured users that their funds remain safe under their security protocols.
Uncertainty and Lack of Official Response
There is no official announcement from the Venezuelan government regarding the blockade or its duration.
The lack of access to Binance significantly impacts peer-to-peer trading within the country.
Binance has not specified whether it will allow the use of virtual private networks to bypass the restrictions.
