President Nicolas Maduro’s government is denying citizens from accessing Coinbase and fiat remittance MercaDolar
According to Venezuelan Inteligente, President Nicolas Maduro’s government is denying its citizens access to the US cryptocurrency exchange Coinbase and legal remittance platform MercaDolar.
Venezuela government has blocked user access to two currency exchange platforms Coinbase and MercaDolar
“Crypto exchanges have been blocked in the past,” said director of Venezuela Inteligente Andres E. Azpurua about ISPs blocking via a DNS block. Until recently, all of them were lifted. Venezuela has a history of securing exchange platforms. Especially those used to exchange local currency for foreign currency. ”
Azpurua also said the move to block access to Coinbase was incredibly annoying “him because there are so many crypto exchanges now accessible to Venezuelan citizens, and it’s unclear why the exchange is based in San Francisco may be removed.
On August 28, Venezuelan ISPs blocked access to two main virtual private networks – Tunnelbear and Psiphon – services that could bypass DNS blocks, but appear to have a minor impact on their functionality.
Political tensions are beginning to simmer as the country’s opposition leader and self-proclaimed interim President Juan Guaido announced a “unity pact.” The pact, backed by a coalition of parties, is demanding increased international pressure against Maduro ahead of parliamentary elections in December.
Azpurua notes that capital control efforts over who receives what kind of funding in a political environment maybe just one of the many reasons for recent ISPs.
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