Categories: CryptoNews

Bitcoin Companies Need To Be Proactive To Avoid ISPs Making Platforms Inaccessible

The story of LocalBitcoins getting blacklisted by all Russian ISPs has created a rather strange ecosystem. Although it is very easy to bypass this blockade through a VPN or Tor, the LocalBitcoins team is actively working on new solutions as well. By using the .net domain name, it is equally possible for Russian Bitcoiners to access the platform.

Proactivity Against The Artificial Ban

Russia is a very strange country when it comes to Bitcoin. That is not entirely surprising these days, as cryptocurrency has been a topic of substantial debate for quite some time now. Flip-flopping between banning and embracing Bitcoin every other month is not helping matters much by any means.

When the local media watchdog decided to enforce a site-wide ban on the LocalBitcoins platform a few weeks ago, things took a turn for the worse. However, it didn’t take long for the company to address this issue, as they have been proactively helping Russian cryptocurrency enthusiasts ever since.

After posting instructions on how to use a VPN or the tor connection to bypass this blockade, it became apparent the weekly trading volume was not affected in a significant way. But the company is not resting on its laurels, as they have registered a new domain to let Russian users access the site again.

Related Post

Despite what government officials or financial experts may want to believe, there is no way to actively restrict Internet usage. Unlike other tools, the Internet routes around artificial blockades. The Great Firewall of China is quite impressive, but it doesn’t take all that much to circumvent it as well.

All Bitcoin companies should be proactive when it comes to providing clear instructions to all users. It will probably not be the last time a government or iISP decides to restrict access to a specific platform. Given Bitcoin’s nature and appeal, more sites may be targeted in the coming years. Guiding users to solutions ahead of these potential issues is the way to go.

Image credit 1

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

TRON Leads All Blockchains in November Fees as Perpetuals Trading Surges 271%

TRON ended November as the top blockchain by fees, extending its dominance in payment infrastructure…

1 day ago

Prediction Markets Hit New All-Time Highs as November Volume Surges to $14.3B

Prediction markets just locked in another breakout month. November closed with $14.3 billion in total…

1 day ago

Trust Wallet Launches Native Predictions: A New Era for On-Chain Betting

Trust Wallet is stepping into a completely new lane. The CZ-owned self-custody wallet has launched…

2 days ago

Kraken Acquires Backed to Supercharge Tokenized Equities as xStocks Enters Its Next Phase

Kraken has announced the acquisition of Backed, the tokenization platform behind some of the fastest-growing…

2 days ago

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live, Sparking Massive Buyer Rush

Sui Pauses & AVAX Rebounds While Zero Knowledge Proof’s 200M Daily Presale Auction Goes Live,…

3 days ago

Europe Takes Down Cryptomixer: A $1.4B Bitcoin Laundering Machine Falls After Eight Years

Europe just shut down one of crypto’s longest-running shadows. Germany and Switzerland, backed by Europol,…

3 days ago