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

Ondo Facilitates Big Banks’ Connection to Blockchain in Historic Settlement

A crucial development is taking place at the intersection of legacy finance and blockchain as…

3 hours ago

Morgan Stanley Adds Crypto Trading To E*Trade With Aiming Millions Of Retail Investors

Morgan Stanley is taking a big step into digital assets space with the launch of…

3 hours ago

Brian Armstrong Sets Course for AI-Driven Transformation As Coinbase Cuts 14% of Workforce

Coinbase is about to undergo one of its largest structural reorganisations in some time, with…

13 hours ago

$150M Crypto Ponzi Scheme Crumbles, Forming Global Fraud Network As Investigators Freeze $41.5M

The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…

14 hours ago

BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows As Demand Soars Following Ceasefire

Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…

1 day ago

Western Union Launches USDPT Stablecoin on Solana to Transform Global Payments Infrastructure

Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…

2 days ago