The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling.
Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says Lawyer
According to Victor Castillejo, an Argentinean lawyer, the “habeas data” complaint filed argues that the Central Bank of the Argentine Republic (BCRA) decision to ask such data is illegal.
In fact, he claims that the ruling violates the “privacy, human rights, constitutionally protected” of every individual who wants to trade with cryptos, such as bitcoin (BTC). Castillejo provides the following comment about the alleged BCRA’s legal wrongdoing:
The BCRA does not have the power to compile a list of these characteristics, and if it does, that power does not allow it to avoid the obligations regarding the protection of personal data provided by Law 25,326 and Regulatory Decree 1558/2001.
The lawyer filed the class action habeas data before the National Court in Administrative Litigation No. 10 in Argentina, which seeks to “oblige the BCRA to eliminate the information collected and/or, failing that, to disassociate (not allow individuals to be identified) the data that it has requested.”
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