Venezuela Restricts Binance Access Amidst Post-Election Conflict

cryptonews.com:

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Venezuela recently blocked access to crypto exchange Binance and other online platforms amid nationwide protests over the country’s disputed election results. This block was implemented on Aug. 9, according to cybersecurity group VE Sin Filtro.

It comes as protesters have taken to the streets in Venezuela over the disputed presidential election. Last week, incumbent President Nicolás Maduro claimed victory with 51% of the vote. His opponent, Edmundo González Urrutia, received 44%.

In response, the opposition accused Maduro with election fraud, creating a dangerous political crisis in Venezuela. Since then, leaders from neighboring countries and around the world have questioned how legitimate the results are. Also, they are demanding that Maduro provide evidence for his victory.

Now, the Venezuelan government has launched an aggressive crackdown on those challenging the election outcome. Further, human rights organizations say this surge in repression is unprecedented in recent decades.

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…

Further, Maduro has jailed protesters and restricted Internet access through the state-controlled communications company, CANTV. Last week, he signed a decree blocking access to social media platform X for 10 days.

This action followed his earlier claims that social media was used to incite violence after the presidential election. Other blocked