President of Argentina released active and had meetings with developers; denies any irregularity or relationship with the initiative
The Argentine government determined the opening of an investigation into the involving President Javier Milei (La Libertad Avanza, right) at the launch of the $ Libra cryptocurrency.
The Presidency’s Office announced the creation of a task force composed of authorities and experts within the executive’s authority to investigate the case. Also called OA (Anti -Corruption Agency, from the acronym in Spanish) to determine if there were any “Improper conduct” by members of the government – Including Milei.
Ultraliberal released the asset on social networks. In the publication, now erased, Milei said the cryptocurrency was a “private project”For“Encourage the growth of the Argentine economy, financing small companies and Argentine enterprises”.
After publication, the $ pound value fired, but fell quickly. According to the agency AFPthe value of cryptocurrency reached $ 4,978 after the publication of the president of Argentina. Before, it was just cents. After the discharge, the $ pound value plummeted.
After the movement, Milei retreated and said on the social network that “I was not aware”The details about cryptocurrency and that“after being intended”, He decided not to continue disclosing the asset. Denied having binding with the initiative.
In a statement, the Argentine government admitted that Milei met with Kip Protocol, the company’s developer since the end of 2024, and that the proposal was intended to “Finance private enterprises in the Argentine Republic using Blockchain technology”.
“[Milei] not having participated in any instance of the development of cryptocurrency. After the repercussion on the launch of the project and to avoid any speculation, it decided to delete the publication”Says the statement.
After investigations, a report must be passed on to Argentina’s court to take appropriate measures.
This is the translation of the Argentine government statement:
“The Presidency’s Office informs that, on October 19, President Javier Milei had a meeting with representatives of the Kip Protocol in Argentina, in which he was informed of the company’s intention to develop a project called ‘Viva La Libertad’ to fund private projects in the Argentine Republic using Blockchain technology.
“The meeting, which was duly registered in the registration of public hearings, was attended by the president of the nation; representatives of the company Kip Protocol, Mauricio Novelli and Julian Peh; and the presidential spokesman, Manuel Adorni.
“In this context, on January 30, 2025, the president had a meeting at Casa Rosada with Hayden Mark Davis, who, according to Kip Protocol representatives, would provide the technological infrastructure for his project. Davis had no connections with the Argentine government and was presented by the representatives of the KIP protocol as one of his partners in the project.
“Finally, yesterday, the president shared a publication on his personal accounts communicating the launch of the Kip Protocol project, as he does daily with many entrepreneurs who want to launch a project in Argentina to create jobs and get investments. Having not participated in any instance of the development of cryptocurrency, after the repercussions that the project was launched and to avoid any speculation and no greater diffusion, decided to delete the publication.
“Given the facts, President Javier Milei decided to immediately trigger OA to determine whether there was improper conduct from a national government member, including the president himself.
“On the other hand, the president of the nation decided to create a GTI (Investigation Working Group) at the chairmanship of the nation, composed of representatives of organisms and agencies with competencies related to cryptors, financial activities and other related areas, which will integrate the Their information to start an urgent investigation into the launch of the $ Libra cryptocurrency and all companies or individuals involved in this operation.
‘All information collected under the inquiry will be delivered to the courts to determine whether any of the companies or individuals linked to the KIP Protocol project has committed a crime.
“President Milei, who demonstrated his vocation to the truth, is committed to the proper clarification of this fact until the last instances.”.
