As cryptocurrencies keep gaining adoption in Argentina, there are discussions on how the national regulatory bodies should regulate the industry. The Central Bank of Argentina (BCRA) seems to have taken a step forward in making the picture clearer.

Banks Should Provide Data Such as National Identification Numbers and Home Addresses

According to Infobae, the BCRA asked domestic banks to forward them information about its customers who deal with bitcoin (BTC) and perform any other kind of crypto transactions.

The measure aims to evaluate whether the crypto market "should be required for an even bigger regulation or not." Citing sources inside the central bank, Infobae details that the BCRA has sent an internal mail to the associated banks, requesting them the following data:

"Information that allows identifying customers who have accounts for holding crypto assets or who have declared or are known to carry out purchase and/or sale cooperation and/or management of payments through/of crypto assets."

That said, the Argentinean central bank backs up its decision by saying that they have "functions of supervising" domestic payment systems.

Inside the email, the BCRA asks for the national identification numbers, home address, and account types of the individuals involved in crypto-related transactions. Moreover, the measure covers the bank accounts used exclusively to trade with cryptocurrencies.