Binance wallet outpaces popular messaging apps in Venezuela download rankings

Binance’s digital wallet has seen a meteoric rise in Venezuela, climbing to the 33rd spot on the list of the country’s most downloaded apps. This achievement places it just above Snapchat and just below WhatsApp, two of the most widely used messaging platforms in the nation.

Venezuelans cut off from Binance: How is this related to elections?

Venezuelan authorities have also blocked the world’s largest cryptocurrency exchange, Binance. Amid protests following the presidential elections, the Venezuelan government restricted access to Binance and several other online services.

Venezuela restricts access to Binance and X amid election unrest

Venezuelan government blocks Binance, X, Reddit, and Signal amid election unrest. CANTV, Venezuela’s state ISP, enforces the blockade as part of a crypto crackdown. President Maduro accuses Elon Musk of inciting protests and violating laws.

Maduro critics say Venezuelan president will use crypto to evade sanctions

Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions.

Venezuela cracks down on crypto mining to tackle energy crisis

Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional). 

Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Venezuela's state-owned oil company is using Tether’s USDT — the industry’s largest dollar-backed stablecoin — to skirt new US sanctions.

Venezuela reportedly turns to USDT for oil export as US sanctions bite

Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…