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Coinbase Access Gets Blocked in Venezuela

Coinbase Access Gets Blocked in Venezuela

Venezuela has prohibited its citizens access to leading cryptocurrency exchange Coinbase, as well as to remittance service platform MercaDolar, according to advocacy group Venezuela Inteligente.

Andres E.Azpurua, director of the said group, claimed that the blocking of the exchanges was done in cooperation with the country’s internet service providers (ISPs).

Azpurua said,

Crypto exchanges have been blocked in the past. Venezuela has a history of blocking exchanges platforms, especially those that are used to exchange the local currency for foreign currencies.

In the severe crisis over the COVID-19 pandemic, Venezuela’s ISPs also blocked anti-censorship tools to do away with health care programs for medical personnel, which accounted for the death of several people including doctors.

Psiphon, Tunnelbear, Virtual Private Network (VPN) services, and the web proxy Anonymouse were also affected by the said move. Fortunately, they weren’t hit as hard as the rest.

Venezuela has been in an economic meltdown for years, causing people and its government, led by Nicolas Maduro, to go to extreme lengths to keep the country afloat.

Now, Venezuelan opposition leader and self-proclaimed interim president Juan Guaido has called for a “unitary pact” which aims to summon more international pressure on Maduro prior to the country’s December parliamentary election.

Read Also: Bitcoin Exchange Paxful Stops Operations in Venezuela

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.