Argentine President Milei has denied allegations of promoting the $Libra cryptocurrency, which collapsed shortly after his mention on social media. He compared investors’ losses to gambling and stated he acted in good faith. A federal judge will evaluate potential fraud charges against him, while the opposition is considering impeachment despite low chances of success.
President Javier Milei of Argentina has refuted allegations of promoting a recently launched cryptocurrency, $Libra, which experienced a rapid increase in value followed by a sharp decline, resulting in substantial losses for investors. Following criticism of his social media endorsement, a federal judge will assess whether the president should face fraud charges related to the incident. Milei emphasized that he acted with integrity and likened investors’ losses to gambling, stating, “If you go to a casino and lose money, what’s there to complain about when you knew the risks?”
In summary, President Milei finds himself at the center of controversy regarding the $Libra cryptocurrency following its collapse shortly after his promotion. He maintains his innocence while asserting that investors were informed of the risks involved. A federal investigation will determine whether any fraud charges will be pursued, though political rivals are calling for impeachment, which experts believe is unlikely to succeed.
Original Source: www.bbc.com
