President of Argentina minimized the severity of the situation, noting that most of those affected was from outside the country and that the government did not suffer direct damage
The Argentine president broke the silence about the controversial “cryptogate”, which involves allegations of irregularities in the creation of the $ Libra cryptocurrency. This digital currency was presented by Milei as a solution to finance small businesses. During an interview with TN, he clarified that he was not the creator of cryptocurrency, but spread it for believing in his potential. “I have nothing to hide. I didn’t do anything bad. I am a technology superentusiast. And in the face of the possibility of a tool to fund entrepreneur projects, I decided to spread it. ”
Milei acknowledged that her support for $ Libra resulted in an initial appreciation of the asset, followed by a significant drop, which generated losses to many investors. However, he minimized the severity of the situation, noting that most of those affected were from outside the country and that the Argentine government was not directly damaged.
In response to the concerns raised, the Argentine government announced the opening of investigations to verify possible irregularities committed by members of the administration, including Milei himself. The president admitted that the situation is a learning and that he needs to be more cautious about projects that reach him. Milei also pledged to implement measures that guarantee a more rigorous analysis of similar initiatives in the future. The crisis generated by the support of $ Libra raised questions about transparency and responsibility in the management of new financial technologies in the country.
*Report produced with the aid of AI
Posted by Fernando Dias
