Binance, exchange The world's largest cryptocurrency exchange by trading volume has announced that its platform is facing access restrictions for its users in Venezuela.

“Like many corporate websites from various sectors in Venezuela, including social networks, Binance pages are facing access restrictions,” reads Binance’s official post on X.

Users in Venezuela cannot access Binance

This situation has triggered warning signs among users in Venezuela. However, he exchange The cryptocurrency confirmed that the funds are SAFU.

“We want to assure you that your funds are SAFU under our robust security protocols. We understand the inconvenience and concern this situation may cause. We are closely monitoring the situation to address it in the best and fastest way possible,” he added. He pointed out Binance.

It is important to note that The restriction applies only to the web platform.BeInCrypto confirmed that the mobile app is working perfectly normally.

Venezuelan users, accustomed to facing restrictions on Internet access, They quickly responded by switching to virtual private networks (VPNs). To bypass the blockage and continue to the platform.

VPNs have become an essential tool for maintaining connection to the outside world and accessing restricted content.

Read more: Popular VPNs for Venezuela in 2024

The restrictions Binance is currently facing are not an isolated event in Venezuela. Recently, the government of Nicolas Maduro Access to the platform has been “temporarily” blocked.formerly known as Twitter.

This blockade has been interpreted as a measure to control information and limit freedom of expression in a country where social media networks play a crucial role in transmitting and disseminating news.

On the other hand, various users and local media Report blockage From other important platforms, including Mercado Libre.

Do you have something to say about the Binance block in Venezuela or any other topic? Write to us or join the discussion on our channel cableYou can also find us on Facebook also X (Twitter).