The president of Argentina, Milei denies the accusations of cryptographic fraud

The Argentine president, Javier Milei, has denied the promotion of a recently launched cryptocurrency that collapsed shortly after he mentioned it in a publication on social networks on Friday.

Cryptocoin $ libra quickly increased in value before the fall falling, causing serious losses for most people who had invested in it.

A judge will now determine if the president must face fraud charges for the incident.

On Monday, Milei said he had acted “in good faith” and dismissed the complaints of investors, comparing their actions with the people who bet: “If you go to a casino and lose money, what to complain when you know the risks? “

President Milei talked about the $ Libra incident in an interview with the Argentine television channel all news on Monday, after a weekend during which he had remained unusually calm on social networks.

He insisted that its publication in X, which contained a link to a site that sold $ Libra, did not constitute support.

“I did not promote it, I simply shared it,” he told Jonny Viale of every news.

The post of Milei, which eliminated after a few hours, caused strong criticism not only of their political rivals in Argentina but also those who had invested in the cryptocurrency.

Some have argued that the launch of $ Libra looked like a “pull of the carpet”, where promoters attract buyers, only to stop operating the activity and make the money raised from sales.

The presidential office insisted that Milei in no way was involved in the development of $ LIBRA and announced that the Anti -Corruption Office would determine if the president had acted incorrectly.

Milei himself defended eliminating his position, saying that at that time he did not know “the details of the project and after learning of him, I decided not to continue promoting him.”

Opposition politicians, however, have not been placated by the statements, threatening to begin the political trial procedures against Milei.

While political analysts point out that the opposition is unlikely to obtain the necessary votes for a political trial to continue, the scandal threatens to divert Milei’s attention from its radical reform agenda.

A federal judge has had the task of deciding whether fraud accusations filed against the president by several plaintiffs should continue.

In his television interview, Milei seemed combative, emphasizing that he had “nothing to hide.”

He also said that those who had invested in $ Libra had done it “voluntarily” and knew of the risks.

“It’s like playing Russian roulette and get the bullet.”