The Argentine central bank has compelled local banks to provide information on clients of cryptocurrencies, in order to evaluate whether the crypto market should be required for an even bigger regulation or not.
In view of that, a class-action complaint has been filed by a local lawyer on the basis of violating human rights.
As at the time of writing this news, the following information was gathered;
The privacy rights of crypto users have been abused by the Argentine central bank. This was instituted by the central bank to local banks; to provide information on customers of cryptocurrencies.
With effect to that, a class-action complaint was filed before a national court to overturn such ruling.
The "habeas data" complaint filed by Victor Castillejo, an Argentine lawyer argues the central bank of the Argentine Republic (BCRA) decision to request for such data was illegal.
Hence, the privacy of human rights constitutionally protected every individual who wants to trade with cryptos such as bitcoin (BTC) was abused.
"The BCRA does not have the power to compile a list of these characteristics, and if it does not allow it to avoid obligations regarding the protection of personal data provided by law 25,326 and Regulatory Decree 1558/2001", were the information provided by Castillejo in a way to oblige BCRA to eliminate the information collected and/or failing that, disassociate (not allow individuals to be identified) the data has requested, the lawyer thereby filed a class-action habeas data before the National Court in Administration Litigation No. 10 in Argentina.
Other important updates from the news include;
Bitcoin.com News gathered that BCR had asked domestic banks to forward them information about it's customers who deal with bitcoin and perform any other kind of crypto transactions in order to evaluate whether the crypto market "should be required for an even bigger regulation or not".
The Central Bank of Argentina backs up the decision by saying that they have "functions of supervising domestic payment systems". Hence; the national identification number, home addresses and account type of individuals involved in crypto-related transactions was required in the email sent to all domestic banks by the BCRA.
What are your views about the legal complaint filed by Castillejo on the abuse of human rights by the BCRA?
