A new cryptocurrency is controversial in Argentina
This article was automatically translated from HIBAPRESS, the Arabic version:
Hibapress
A lively controversy broke out on Saturday in Argentina, the day after the publication by President Javier Milei of a post on the X network, promoting a new cryptocurrency, whose course exploded before collapsing at the end of a few hours.
Friday, President Javier Milei had created the surprise on the X network by publishing a message promoting a new cryptocurrency called “$ libra”.
“Liberal Argentina continues to grow !!! This private project aims to promote the development of the Argentine economy, by funding small businesses and local projects. The world wants to invest in Argentina, “Milei wrote in reference to” $ libra “.
After the presidential announcement, cryptocurrency recorded frantic movements. She started up at $ 0.33, culminating at 4.7 dollars before falling at $ 0.18 in less than five hours.
According to some calculations of financial analysts, well -informed operators pocketed $ 87 million in a few hours.
Shortly after, several votes rose to request account from the government because of the “enormous damage” caused by the president’s publication.
The deputies of the main opposition party “Union for the fatherland” held, on Saturday, an emergency meeting on the subject. They decided “unanimously” to submit a request for dismissal from the president on Monday, accusing Milei of having committed a “crime of fraud”.
Two other blocks of deputies, civic coalition and democracy, promoted the project to create a special commission of inquiry to determine whether the president had inappropriate conduct.
Other deputies asked for explanations from the chief of staff, Guillermo Francos. He should appear before the deputies to justify the conduct of the president.
The criticisms against the president are fused from all sides and the expressions of indignation directly target the head of state: “It is a scandal”, “a huge scam”, “money laundering”, “he could s’ act of a possible violation of the law on public ethics ”.
This indignation comes from the fact that according to the Argentinian press, 80% of the cryptocurrency promoted by Milei is concentrated in only five portfolios and the domain was created on Friday, which means that its value could fall to zero just as quickly, because it n ‘is backed by any project in the real economy.
