Local anti-censorship group VE sin Filtro claimed a DNS ban on Binance on Aug. 9, therefore compromising both its website and mobile app. Binance verified the access limitations on its X account with a concentration on Latin America, noting that similar problems have been reported on multiple websites throughout Venezuela including social networks.

Effects on Venezuelan Users and Continual Conflict in Elections

Binance reminded its customers that their money is still secure and that the business is carefully observing the matter to handle it as soonest feasible. The block has also affected the peer-to—-peer (P2P) service of the exchange, which is a common way in Venezuela for trading cash for cryptocurrencies. VE sin Filtro advised Venezuelans to get over the limitations by using a VPN.

Following President Nicolas Maduro’s directive on Conatel, the national telecom authority, the block on Binance bans X access for 10 days. This action coincides with the turmoil over the July 28 presidential contest, in which both Maduro and his opponent, Edmundo González, declared victory. Widespread demonstrations have been spurred by the election controversy as several foreign bodies reject Maduro’s claim to the president and demand thorough vote totals.

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