{"id":437926,"date":"2024-08-12T10:22:10","date_gmt":"2024-08-12T09:22:10","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=437926"},"modified":"2024-08-12T10:22:10","modified_gmt":"2024-08-12T09:22:10","slug":"venezuelans-turn-to-vpns-as-government-restricts-binance-access","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/venezuelans-turn-to-vpns-as-government-restricts-binance-access\/","title":{"rendered":"Venezuelans turn to VPNs as government restricts Binance access"},"content":{"rendered":"<p><a href=\"https:\/\/cryptoslate.com\/companies\/binance\/\">Binance<\/a> has confirmed that the Venezuelan government has restricted access to its website amid turmoil following controversial presidential election results.<\/p>\n<p>In an Aug. 10 post on X, Binance <a href=\"https:\/\/x.com\/BinanceLATAM\/status\/1822300144718487897\">stated<\/a>:<\/p>\n<blockquote><p>&#8220;Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions.&#8221;<\/p><\/blockquote>\n<p>The exchange reassured users that their funds remained secure and that the situation was being closely monitored.<\/p>\n<p>Binance, the largest crypto exchange by trading volume globally, plays a crucial role in Venezuela. Reports revealed that Binance serves as the primary platform for many Venezuelans engaging in peer-to-peer transactions of stablecoins like <a href=\"https:\/\/cryptoslate.com\/coins\/tether\/\">USDT<\/a> and <a href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> due to the severe devaluation of its local currency, the bolivar.<\/p>\n<p>Local group VE sin Filtro <a href=\"https:\/\/x.com\/vesinfiltro\/status\/1822118131701060047\">advised<\/a> Venezuelans to use a virtual private network (VPN) to bypass the crypto platform's blockade.<\/p>\n<p>Meanwhile, several Venezuelans have questioned if using such tools would not negatively impact their account on the crypto exchange. Jose Antonio Lanz, a journalist with Decrypt, <a href=\"https:\/\/x.com\/jaldpsd\/status\/1822367549662925267\">wrote<\/a>:<\/p>\n<blockquote><p>&#8220;Do you not mind Venezuelans using VPNs and other means that Binance considers suspicious for users in the rest of the world or do you apply on an equal footing the same policies you have used with respect to other countries that establish restrictions?&#8221;<\/p><\/blockquote>\n<p>Binance has yet to respond to <em>CryptoSlate's<\/em> request for additional commentary as of press time<\/p>\n<h2>X impacted<\/h2>\n<p>President Nicol\u00e1s Maduro also reportedly imposed a 10-day ban on the social media platform <a href=\"https:\/\/cryptoslate.com\/companies\/x\/\">X<\/a>.<\/p>\n<p>Maduro accused the social media platform owner <a href=\"https:\/\/cryptoslate.com\/people\/elon-musk\/\">Elon Musk<\/a> of &#8220;inciting hate and fascism&#8221; and signed a resolution from telecommunications regulator Conatel to remove the platform from circulation.<\/p>\n<p>This move followed the election authorities' declaration that Maduro won the July 28 election. However, the opposition fought back against this announcement by publishing a\u00a0<a class=\"color-link\" title=\"https:\/\/resultadosconvzla.com\/\" href=\"https:\/\/resultadosconvzla.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" data-ga-track=\"ExternalLink:https:\/\/resultadosconvzla.com\/\" aria-label=\"website\">website<\/a> showing that their candidate, Edmundo Gonz\u00e1lez, had won.<\/p>\n<p>Notably, the US rejected the election results that declared Maduro the winner, <a href=\"https:\/\/www.state.gov\/assessing-the-results-of-venezuelas-presidential-election\/\">saying<\/a>:<\/p>\n<blockquote><p>&#8220;It is clear to the United States and, most importantly, to the Venezuelan people that Edmundo Gonz\u00e1lez Urrutia won the most votes in Venezuela\u2019s July 28 presidential election.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Binance has confirmed that the Venezuelan government has restricted access to its website amid turmoil following controversial presidential election results. In an Aug. 10 post on X, Binance stated: &#8220;Like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions.&#8221; The exchange reassured users that their [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":437936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77974,39,77968],"tags":[79690,78714],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Venezuelans turn to VPNs as government restricts Binance access<\/title>\n<meta name=\"description\" content=\"Crypto exchange Binance faces new hurdles in Venezuela post-elections.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/venezuelans-turn-to-vpns-as-government-restricts-binance-access\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Venezuelans turn to VPNs as government restricts Binance access\" \/>\n<meta property=\"og:description\" content=\"Crypto exchange Binance faces new hurdles in Venezuela post-elections.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/venezuelans-turn-to-vpns-as-government-restricts-binance-access\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-12T09:22:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/08\/binance-venezuela.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/venezuelans-turn-to-vpns-as-government-restricts-binance-access\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/venezuelans-turn-to-vpns-as-government-restricts-binance-access\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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