Summary:
CANTV, a state-owned ISP in Venezuela, blocks access to Binance.
Thousands of users left without access to their savings and P2P markets.
The government is implementing widespread censorship affecting multiple platforms.
Binance assures users that their funds are SAFU under security protocols.
No official government statement on when the access restrictions will be lifted.
CANTV, a state-owned ISP in Venezuela, has begun blocking access to Binance, one of the largest cryptocurrency exchanges globally. This move has left thousands of Venezuelans without access to their savings and popular P2P markets.
Venezuelan Government Cuts Access to Binance Users Connecting Through State-Owned ISP
The Venezuelan government's censorship actions are impacting the cryptocurrency sector. Local media reports that CANTV has restricted access to Binance, affecting many users who rely on the platform for transactions. This action is part of a broader pattern of censorship, which has also targeted platforms like Mercado Libre, Signal, Reddit, and X.
Binance acknowledged the issue, informing its Venezuelan customers that they are experiencing access restrictions similar to other companies in the country. The exchange is monitoring the situation closely but has not clarified whether users can use VPNs to bypass the restrictions.
Binance assured users that their funds are SAFU (Secure Asset Fund for Users) under its robust security measures. However, the blocking of Binance could severely limit access to P2P markets, which are crucial for many Venezuelans. Currently, there are no official updates from the government regarding this situation or a timeline for resolution.
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What are your thoughts on the Venezuelan government's actions affecting multiple online platforms, including Binance? Share your views in the comments below.
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