Venezuelan Government Blocks Binance, Cutting P2P Market Access for Thousands

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CANTV, a Venezuelan state-owned ISP, has reportedly started blocking traffic to Binance, one of the largest cryptocurrency exchanges in the world.

The company, which controls a significant portion of the Venezuelan broadband market, has left thousands of Venezuelans without access to their savings and even P2P markets, which are popular among those using crypto as a savings tool.

Venezuelan Government Cuts Access to Binance Users Connecting Through State-Owned ISP

The censorship actions of the Venezuelan government have reached the cryptocurrency sector. According to local media, state-owned telecom and internet service provider (ISP) CANTV has blocked access to Binance, the world’s largest cryptocurrency exchange.

The measure, potentially affecting thousands, has been taken as part of a series of blocks implemented against other services, applying similar actions against Mercado Libre, Signal, Reddit, and others like X.

However, the action against X is wider, given that it also includes other major ISPs in the country, giving it a larger scope.

The situation was acknowledged by Binance, which stated in an email sent to its Venezuelan customers that “like several websites of companies from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions.”

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