The central bank clarified that this type of communications is standard and is sent to notify all participants in the financial system when a person fails to comply with regulations. The officials stress that this is done in order to maintain transparency across all communication channels between financial institutions. According to data from the central bank, in August 97% of Argentinians stayed within regulation limits, while 32000 people exceeded the $10000 limit. The restriction imposed on citizens is limiting the selling pressure on the country’s currency, but it is an artificial lever that could now be circumvented. Bitcoin has become extremely popular in inflationary countries, like Venezuela and Argentina where strict capital controls have been instated to manage capital flows. As BeInCrypto previously reported, the Venezuelan government may use Bitcoin to avoid their broken local economy. Bitcoin not only provides an alternative for people to store their wealth but also offers a layer of privacy so that its users can remain anonymous. What is your opinion on the reveal of sensitive data from the Argentine Central Bank? Share your thoughts in the comments!
The Argentine central bank published the names and tax ID numbers of individuals who purchased over USD 10,000 in the last month.— Alex Krüger (@krugermacro) September 27, 2019
Privacy should be a right, not a privilege.https://t.co/HVYz6G5qEL
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