President Javier Milei of Argentina recently promoted the cryptocurrency $LIBRA, which peaked in value before crashing. He has since admitted his mistake, stating he was unaware of the project’s details. The incident has led to accusations of fraud and calls for an investigation into potential wrongdoing.
In a recent turn of events, Argentina’s President Javier Milei acknowledged a misstep regarding the promotion of a cryptocurrency, $LIBRA, which initially surged in value before plummeting. On Friday, he hailed the project on social media as a means to stimulate economic growth by financing local businesses, generating significant interest. However, he quickly retracted his support and expressed his lack of prior knowledge about the scheme after the value sharply declined.
The situation surrounding President Milei’s endorsement of the cryptocurrency $LIBRA has raised serious concerns among economists and political figures, leading to an investigation. The rapid rise and subsequent fall in value of the token have prompted accusations of fraud, with calls for accountability from various sectors, highlighting the risks associated with unregulated cryptocurrency ventures.
Original Source: www.france24.com
