ome of the latest activities from the government in Venezuela have made it difficult for people to access the Binance crypto exchange which made them resort to VPNs in order to continue accessing their services. This is among other measures taken during the period after the much-disputed election results.
Government Crackdown on Binance
Binance has recently announced on the X platform That the Venezuelan government has blocked access to its site as well as other online services. This restriction as implemented by the government impacts multiple services which Venezuelans require for carrying out any, especially crypto, transactions due to the devaluation of the bolivar.
Social Media Under Fire
In addition to this, Maduro has blocked the use of cryptocurrencies in the country and also banned for 10 days the social network X for promoting negative content, according to its owner Elon Musk. This decision has been made at the time when disputed election results in favor of Maduro have been announced and openly rejected by the U. S. and contested by the opposition forces.
Venezuela's Crypto Lifeline Amid Crisis
While Venezuelans try to operate under these restrictions, the global society looks on with anticipation. It’s turned into a must-have for many, which is a sign of the problem with receiving unbiased information and fundamental financial services.
