Estimados Binancians,
Al igual que varios sitios web de empresas de diferentes segmentos en Venezuela, incluidas las redes sociales, las páginas de Binance han estado enfrentando restricciones de acceso.
Queremos asegurarles que sus fondos están SAFU bajo nuestros robustos…
— Binance Latinoamérica (@BinanceLATAM) August 10, 2024
Users erupt over Binance ‘ban’
“What did Binance do to Maduro to make him do this?” one user asked, as per a Google translation. Many asked for assistance on how they can access their Binance accounts. Some suggested using a VPN (virtual private network), which encrypts internet traffic and routes it through a different server.
Several users urged Binance to provide “alternative solutions” to the restriction problems. “Binance should operate differently from traditional banking and support the safekeeping of value in the crypto system,” the user said.
Crypto YouTuber @JohnN5c said the country is headed toward “policies of harassment and theft by the state” now that Maduro has “blocked access to Binance and other websites.
Bitcoiner Juan Blanco Bracamonte noted how the crypto exchange giant has helped Venezuelans send remittances overseas “among other things” and lamented the “excitement” of some over Binance’s access issues in the country.
Forbes contributor Javier Bastardo called Venezuela’s move of “blocking” Binance “an unprecedented escalation of state violence and censorship.”
👀🚨In an unprecedented escalation of state violence and censorship, Nicolás Maduro ordered the blocking of @Binance through public internet services in Venezuela 🇻🇪
Is this what winning an election looks like??
My latest for @Forbes pic.twitter.com/507XQRI8Q5
— Javier ₿astardo🍐🏴☠️ (@criptobastardo) August 10, 2024
Maduro’s crypto stance
Binance’s issues in Venezuela may come as a surprise to some since Maduro has promoted crypto adoption in the country. He even backed the development of the controversial Ethereum-based Petro token, which launched in 2018, and planned for the cryptocurrency to be linked to national ID cards.
However, the local crypto industry has been struggling in recent years following the anti-corruption probe that led to the early 2023 arrest of 21 businesspeople and officials over an alleged crypto-related oil scheme.
Fake news?
A few users who claimed to be in Venezuela said they had no problems accessing both the Binance website and the app. “Stop spreading things that are not true,” one user said, claiming to be using the app from within the country.
The Venezuelan government has yet to comment on the Binance-related restriction issues following Maduro’s X ban announcement. Binance has yet to provide an update regarding the matter.
Notably, Binance is faced with multiple legal battles worldwide, including in Nigeria. It was recently banned by the Philippine U.S. Securities and Exchange Commission.
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Publish date : 2024-08-12 00:09:00
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