The Bitcoin Human Rights case could go some way to changing that if the court finds that Mr Flynn was being discriminated against because of what he did for a job.
In court documents, lawyers for Mr Flynn argue: “The applicant holds a ‘protected attribute’ within the meaning of…the Act because he is a cryptocurrency trader; and Cryptocurrency trading is a ‘profession, trade, occupation or calling’.”
If successful the complaint could lead to actions by various classes of workers who have experienced debanking, most notably sex workers and adult entertainers.
‘On one occasion an elderly customer was declined his payment to me and was chased out of his local branch by the manager proclaiming to him and the other customers present that: “Bitcoin is a fraud.“’
Mr Flynn’s lawyer Richard McGilvray, from law firm Lexmerca, said in a statement: “I am unable to comment as this matter is before the court, but I am looking forward to advocating for Mr Flynn on this important issue”.
In late June, Mr Flynn gave more details of his debanking experience in a submission to the Senate inquiry, explaining that shortly after setting up his cryptocurrency trading platform in 2017 the banks moved against him.
“Within days I had received a phone call from my big four banking service provider insinuating I was a fraud, accompanied by the abrupt closure of the account opened for the business. By the end of my first year in operation, multiple accounts had been closed by each of the big four banks, restricting my operation and business growth.”
He gave a list of what he described as “extraordinarily poor conduct” by the banks against his clients, business and family.
“On one occasion an elderly customer was declined his payment to me and was chased out of his local branch by the manager proclaiming to him and the other customers present that: “Bitcoin is a fraud.”
“Another bank closed my brother’s term deposit account without warning only for the fact that I was a signatory, for family oversight purposes.
“After debanking me in 2019 the same bank contacted my new banking service provider with unknown information causing the second bank to close my account.”
Mr Flynn’s submission to the Senate inquiry did not name any banks.
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