š¢ **Binance Faces āAccess Restrictionsā in Venezuela š»šŖ**
Binance is currently experiencing access restrictions for its users in Venezuela. The restriction affects only the web platform, and users are turning to VPNs to bypass the block. Recently, the Venezuelan government, under NicolƔs Maduro, also blocked access to the X platform. Binance, the world's largest cryptocurrency exchange by trading volume, confirmed these restrictions:
āLike several company websites from different segments in Venezuela, including social networks, Binance pages have been facing access restrictions,ā reads an official Binance post on X. Users in Venezuela are unable to access Binance's web platform. Despite these issues, Binance assured users that their funds are SAFU (Secure Asset Fund for Users). š
āWe 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 monitoring the situation closely to address it in the best and quickest way possible,ā Binance stated. š
It's important to note that these restrictions apply only to the web platform. The Binance mobile app continues to function normally. š± Venezuelan users, who are accustomed to dealing with internet access restrictions, have responded by using virtual private networks (VPNs) to bypass the block and access the platform. VPNs have become crucial for maintaining connections with the outside world and accessing restricted content. š
Restrictions are currently with CANTV, the state-owned internet service provider.