Lawyer Files Class Action Complaint to Stop Argentinean Central Bank from Col...
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....
Related News
The United States Commodity Futures Trading Commission (CFTC) on Thursday, September 24, filed a complaint against crypto dealing Paxforex for allegedly soliciting or accepting business from US customers without relevant registration. According to a report, the CFTC wants a U.S. court to stop Paxforex from continuing with the “unlawful acts and practices,” as well as to compel the company to comply with the relevant laws. Furthermore, the commodity regulator wants the court to stop the defendant “from engaging in any commodity-related activity.” In a complaint....
The fallout from Mt. Gox's 28th February bankruptcy filing is already in full swing, as one bitcoin investor has filed a class action lawsuit in Chicago on behalf of the alleged victims of the troubled Japan-based exchange and its CEO, Mark Karpeles. Gregory Greene and his lawyer Steven Woodrow, a partner at the Edelson law firm in Denver, Colorado, filed a complaint against Mt. Gox and Karpeles in the U. S. District Court on Thursday, claiming the company was fraudulent and negligent in its failure to protect customers against theft. Woodrow, who submitted the lawsuit to the Northern....
The Argentinean Central Bank has joined the ranks of other central banks across the globe to issue a warning on cryptocurrencies. The official statement reads: While this may seem like an echo of warnings released by other central banks, this particular statement can be interpreted from various angles. First, the mention of cryptocurrencies not having “legal tender” status may be a caveat for not only citizens but financial institutions in the country to refrain from using these currencies. On the other side, the Central Bank is promising to study these “virtual coins” and potentially....
Three bitcoiners have filed a class action lawsuit against BitInstant claiming the company misled them with false representations about its services. The class action complaint was received by BitInstant on July 8th, shortly before the company's website closed for maintenance. Plaintiffs Leandro Icono, Deborah Collins and Ulysses McGhee are being represented by Giskan Solotaroff Anderson & Stewart LLP in their assertions that BitInstant made false claims about the speed of its service and the refund of fees. The class action complaint states: "BitInstant purports to provide a means to....
A class action suit has been filed against Joshua Garza, Stuart Fraser, and GAW Miners, LLC. This suit comes following the months-long legal proceedings involving the company, including a breach of contract suit from Mississippi Power Company over nearly $350,000 USD in unpaid electricity bills, and the SEC charging Garza and the company with security fraud in December of 2015. The formal complaint filed yesterday is the culmination of over a year of collecting evidence for the case after the Plaintiffs’ announcement of intent in April of 2015. The class action represents over ten thousand....