阿根廷

💰Argentina's stablecoin inflows lead Latin America, and may become the country's new favorite to fight inflation! 📈

Argentina has now surpassed Brazil to become the country with the largest stablecoin inflows in Latin America. According to the latest data from Chainalysis, from July 2023 to June 2024, the value of stablecoins flowing into Argentina exceeded US$91 billion, exceeding Brazil's estimated US$90 billion for the same period.

Currently, Argentina's stablecoin usage is 17% higher than the global average. The global average transaction volume is 44.7%, while Argentina has reached 61.8%, Brazil is 59.8%, Colombia is 66%, Mexico is 47.2%, and Venezuela is 56.4%. The reason for this situation is that these countries generally face serious inflation problems, so stablecoins are widely used as asset preservation tools in these regions.

Because in countries with high inflation rates, local currencies may depreciate by 15-30% in a year. Although the use of stablecoins such as USDT or USDC also faces 2-3% inflation of the US dollar, stablecoins still have considerable competitiveness compared with local currencies.

At the same time, Tether, the issuer of USDT stablecoin, said that they will focus on countries such as Argentina and Brazil, rather than developed regions such as Europe, America or Asia, because they believe that stablecoins can help those solve local inflation problems. In countries with severe inflation such as Argentina, Brazil and Venezuela, the growth rate of stablecoins is very fast.

On the other hand, for people living in economically stable countries and regions, they may not be able to fully feel the importance of stablecoins, but in some backward regions such as Africa and Central and South America, stablecoins are an important asset that changes people's living conditions.

So, can you imagine how difficult life will become for people who are unfortunately living in countries or regions where their national currencies depreciate by 5-10% per month? Fortunately, however, stablecoins can help them solve these serious problems to a certain extent!

💬Finally, if you live in a country with high inflation, would you choose to use stablecoins to protect your wealth? Do you think the popularity of stablecoins will shape the future global economy? What new opportunities and challenges will it bring?

#稳定币 #通货膨胀 #阿根廷

🚨️The sister of the President of Argentina is accused of receiving promotion fees for Libra tokens?

Another big scoop from Argentina! According to local media, Hayden Davis, one of the co-founders of Libra tokens, boasted that he had paid the sister of Argentine President Javier Milei to have the president help promote Libra, this memecoin. If this is true, it would be explosive!

On February 18, Spain's 'El País' revealed an exclusive report disclosing the content of a text message Davis had sent to an executive of a crypto investment company. In the message, Davis claimed he could 'influence' the President of Argentina because he had provided financial support to the president's sister.

He also bragged about his ability to manipulate politician Milei into tweeting and arranging his participation in events and promotions. However, the crypto investment company ultimately rejected Davis's proposal.

Later, Davis sent a message stating, 'I sent money to his sister, so the president would act according to my wishes.' If this accusation is substantiated, it could turn into a serious bribery case.

However, Davis's spokesperson told the media that Davis does not remember sending this message and that there are no relevant records on his phone. Davis also denied ever paying anything to President Javier or his sister Karina Milei.

It is reported that Davis and Kelsier Venture Capital are among the biggest winners of the LIBRA token issuance, claiming to have netted about $100 million. However, Davis stated that he does not own these tokens and will not sell them.

The market capitalization of LIBRA reached $4.5 billion at its peak but then plummeted by about 95% shortly after.

In response, Milei claimed that he did not 'promote' LIBRA tokens; he merely 'spread information about it' in good faith.

Milei stated that he has gained 'insight' from this experience and realizes he needs to 'start screening' which behaviors are appropriate and which are not.

In short, this situation is escalating, and what do you think is really behind it? Is Davis's text message content true? I believe time will give us the answer!

 #Libra #阿根廷 #加密货币 #贿赂门

Argentina Launches LIBRA Investigation, Senior Officials May Be Involved

The Argentine Congress has recently ignited a cryptocurrency storm! The House of Representatives has passed several resolutions with a high vote, officially launching a comprehensive investigation into the LIBRA cryptocurrency collapse.

This shocking event that has shaken the financial sector may now implicate President Javier Milei, making him an important party in this investigation.

The Argentine House of Representatives passed a resolution with 128 votes in favor, 93 against, and 7 abstentions, deciding to establish a special committee to summon government representatives and request detailed documents regarding the cryptocurrency collapse. This move also reflects the political pressure currently faced by the case.

Members of the House of Representatives' special committee also approved a bill requiring the summoning of senior officials from the executive branch, including Minister of Economy Luis Caputo, Chief of Staff Guillermo Francos, Minister of Justice Mariano Cúneo Libarona, and Chairman of the National Securities Commission Roberto Silva. This resolution was ultimately passed by a narrow margin of 131 votes in favor and 96 against.

The House of Representatives also passed a third resolution requiring the executive branch to submit detailed information about the LIBRA token, which passed with 135 votes in favor, 84 against, and 7 abstentions.

Gabriel Bornoroni, leader of the Freedom Vanguard Party (La Libertad Avanza), refuted the opposition's actions. He claimed that the opposition merely wants to disrupt the government's process and that the government has achieved a fiscal surplus in 2024. He also claimed that under the current government's leadership, inflation has been steadily declining.

Legal actions against LIBRA founder Haydone Davis are also underway. On March 13, Argentine lawyer Gregorio Dalbon requested Interpol to issue a red notice for Davis.

It is reported that Davis's company, Kelsier Ventures, launched the LIBRA token in February of this year. Reports indicate that Argentine prosecutors have identified Davis as the primary person responsible for the token's collapse and the resulting widespread financial losses.

This scandal has now crossed international borders, with the large cryptocurrency law firm Burwick Law taking legal action aimed at recovering profits and providing compensation to affected American investors.

What does everyone think about this LIBRA collapse event? Do you think the investigation results will provide a satisfactory explanation to the public?

#LIBRA #阿根廷 #加密货币

"Cardano partners with Argentinian government: Blockchain innovation leads South American crypto revolution"
The Cardano Foundation has entered into a partnership with the Argentinian provincial government of Entre Ríos, which has caused strong bullish sentiment towards the $ADA coin. Cardano is a well-known PoS blockchain network founded by Ethereum co-founder Charles Hoskinson. The Foundation plays an important role in driving Cardano adoption at all practical levels globally, working with regulators to shape blockchain legislation and supporting community growth through education and resources for the long-term success of the ecosystem.

On June 5, 2024, the Cardano Foundation informed the Cardano community that the Cardano project cooperated with a local government in Argentina. In an image shared by the Cardano Foundation’s

Specific details about the partnership have not been made public, but many cryptocurrency experts have noted that it could be part of an effort to improve Argentina’s cryptocurrency industry. Argentina is currently expanding its crypto ecosystem and developing its regulatory framework.

For this new Cardano partnership in Argentina, Cardano founder Hoskinson expressed joy and said that Argentina is heating up. According to media reports, Hoskinson interacted with Argentine President Javier Milei on social media.

Many cryptocurrency experts noted that this high-level partnership is creating strong bullish sentiment for Cardano’s native cryptocurrency $ADA , but sadly, the $ADA coin price has not been affected in the wake of this major news . #阿根廷通货膨胀 #阿根廷

Insiders of the Meme token LIBRA issued by the President of Argentina made at least $20.18 million through LIBRA. #阿根廷 #libra

The United States Pressures Argentina: Want to Get the $20 Billion IMF Loan? Cut Ties with China First!

Recently, the United States has pressured Argentine President Milei to terminate the 15-year currency swap agreement with China, or it will withdraw its support for Argentina's $20 billion International Monetary Fund (IMF) loan.

This move is seen as a strategic action by the U.S. to curb China's influence in Latin America, while Argentina is currently in a difficult situation, with an inflation rate reaching 84.5% as of January this year, and a severe devaluation of the peso. The currency swap agreement with China has become its last line of dollar supply.

Trump's Latin American affairs advisor, Clavell Carone, bluntly stated that as long as Argentina maintains the currency swap arrangement with China, China can continue to "extort" Argentina.

However, this demand has put Argentina in a dilemma. The country's inflation rate remains as high as 84.5%, and the currency swap agreement with China has always been a crucial lifeline for obtaining dollars and stabilizing the economy. President Milei, although advocating for dollarization of the economy and liberalization of Bitcoin, must also carefully weigh the situation given the severe economic conditions at home.

Analysts point out that this demand from the U.S. is tantamount to "economic extortion," exposing the essence of its so-called ally relationship. This game not only concerns Argentina's economic lifeline but also reflects the power struggle between China and the U.S. in Latin America.

Ironically, Trump's Latin American affairs advisor Clavell Carone calls President Milei a "valuable ally" while threatening to withdraw the $20 billion IMF loan. This blatant coercive tactic has sparked strong reactions from the academic community, revealing its hegemonic mindset!

Now, the pressure is entirely on Milei's shoulders. Continuing cooperation with China could lead to the U.S. cutting off loans; yielding to the U.S. could cause Argentina's fragile economy to collapse.

As the "Bitcoin President" and a liberal reformer, President Milei's choice not only relates to the lifeblood of his country's economy but also reflects his political stance, and the final outcome of this game may reshape the geopolitical and economic landscape of South America.

Do you think the U.S. operation counts as "financial hegemony"? If you were Milei, how would you choose? Stand up to the U.S., compromise, or play both sides? Leave your comments and discuss in the comment section!

#阿根廷 #美国 #中国 #货币互换协议

I don't dare to buy Trump's coin
I don't dare to buy Trump's wife's coin
I'm afraid of heights when Facebook's coin is issued
I don't dare to buy CZ's test coin
I don't dare to buy CZ's dog
I'm all in on the coin issued by the Argentine president

I've been walking on thin ice all my life, do you think I can make it to the other side? #阿根廷 #libra

📉 LIBRA Token Crisis: Argentine President Intervenes in Investigation, Investors in Panic!

Recent turmoil in Argentina's cryptocurrency market! President Javier Milei promoted the LIBRA token on social media, causing its price to surge sharply. However, this increase was short-lived, and just a few hours later, the value of the LIBRA token plummeted by over 90%, catching investors off guard. Let's explore the reasons behind this!

LIBRA initially seemed like a decent investment opportunity; once President Milei promoted it, everyone rushed to buy. What happened next? The token's price crashed, with millions in market value disappearing. Due to a lack of transparency, this incident left those who bought LIBRA wondering if it was a major trap.

Even more perplexing is who the founder of LIBRA actually is. Initially, people thought it was KIP Protocol, but they claimed no involvement. It now appears that the token may be related to Kelsier Ventures. However, as of now, there is no clear information indicating who is responsible for this incident.

President Milei has ordered an investigation into this matter and has deleted previous promotional posts. The investigation is currently focused on whether investor fraud was involved, if there were manipulative actions, and who might have profited from this.

The market is also in chaos; although LIBRA has rebounded 95% from its lowest point, it is still down 50% from its peak. This degree of volatility is truly alarming and unpredictable!

A reminder to all cryptocurrency investors: do not blindly chase prices. The cryptocurrency market is unpredictable, with frequent ups and downs. There is a widespread call for more transparent rules to prevent similar incidents from happening again.

The outcome of Argentina's handling of the cryptocurrency incident remains to be seen, but this matter will undoubtedly influence its future policy stance. As for the future of LIBRA, it remains uncertain. Investors will undoubtedly be more cautious going forward, as current market confidence is weak, and no one dares to act recklessly again.

💬 What do you think about the LIBRA token crash event? Do you consider it a case of “the thief crying stop thief,” or a disastrous game of “pulling the rug out from under”? Let’s discuss in the comments!

#LIBRA #加密货币 #阿根廷 #投资风险警示

Binance completes registration in Argentina, achieving the 20th global regulatory milestone
#阿根廷 #监管

🗣Argentinian President Denies Promoting LIBRA Scam, Calls Incident a Private Matter, Not a Government Issue

Recently, Argentinian President Javier Milei responded to allegations that he promoted the LIBRA meme coin, denying that he encouraged the public to invest in the token.

According to X user @tier10k, Milei stated that he merely shared information about LIBRA and did not present it as an investment recommendation. He also mentioned that the number of Argentinian investors affected by this incident is limited, with only about four or five people involved, far less than the reported 44,000 investors.

Milei emphasized that the actual number of affected investors is around 5,000, most of whom are experienced traders, with most of the involved traders coming from China and the United States, and they are fully aware of the associated investment risks.

Milei also mentioned that one of the behind-the-scenes promoters of LIBRA, Hayden Davis, had proposed creating a financing structure for entrepreneurs who found it difficult to obtain funding due to informal economic conditions, which he considered a positive initiative that merely helped spread the news.

Although President Milei defended his actions, he also admitted that the controversy has sparked widespread criticism and dissatisfaction, presenting a severe challenge to his political career, prompting him to reflect deeply and learn valuable lessons from it.

The incident originated when President Milei publicly mentioned LIBRA, causing the cryptocurrency to surge in popularity, with its price skyrocketing from zero to over $4, but it experienced a sharp decline within a few hours, raising suspicions of market manipulation of the token.

The incident ultimately led to early investors cashing out over $100 million, while later buyers faced huge losses. This not only intensified political pressure in Argentina but also caused the S&P Merval index of the Argentinian stock market to drop by 5%, significantly impacting the country's financial market.

The incident also triggered opposition calls for Milei's impeachment, accusing him of deceiving the public. Meanwhile, Argentina's anti-corruption agency and Federal Judge María Servini have launched an investigation. Despite Milei's insistence on his innocence, the controversy continues, and his government faces tighter scrutiny.

What do you think about this political turmoil in Argentina caused by cryptocurrency? Do you find President Milei's defense reasonable? From a financial regulatory perspective, how can similar incidents be prevented in the future?

#LIBRA #阿根廷

🌐El Salvador and Argentina Collaborate to Promote Cryptocurrency Development, Is a Bright Future Ahead?

This Tuesday, regulatory agencies from El Salvador and Argentina signed a cooperation agreement to jointly commit to the development and innovation in the cryptocurrency field.

This collaboration is not coincidental. El Salvador, as the first country in the world to designate Bitcoin as legal tender, has its president Nayib Bukele actively promoting Bitcoin, while the new Argentine government has a positive attitude towards Bitcoin, laying the foundation for cooperation between the two countries in the cryptocurrency field.

Argentina, a country long troubled by inflation, has seen some relief under the leadership of its new president Javier Milei in the past year. This cooperation with El Salvador is expected to bring new opportunities for Argentina in terms of economic development and financial innovation.

This cooperation is of great significance! It marks that both countries are at the forefront of cryptocurrency regulation and legislation in Latin America, becoming pioneers in the region. At the same time, this collaboration may indicate that El Salvador and Argentina are likely to become leading countries in Latin America in the next two to three decades, especially in the application of Bitcoin and cryptocurrencies.

Currently, everyone is focused on whether the Argentine president will follow in El Salvador's footsteps, making Argentina the next country to establish Bitcoin as legal tender after El Salvador.

Although Argentina will face many challenges in making Bitcoin legal tender, once Argentina takes this step, it will undoubtedly be very positive news for Bitcoin.

Moreover, as an influential country in the southeastern part of South America, if Argentina embraces and adopts cryptocurrency, it will not only stimulate its own economy significantly but may also have a profound impact on the global cryptocurrency market.

In summary, this cooperation is not only a significant step at the regulatory level for both countries but also an important milestone in the history of global cryptocurrency development.

What do you think about the cooperation between El Salvador and Argentina in the cryptocurrency field? Do you believe Argentina will establish Bitcoin as legal tender? Leave your thoughts in the comments!

#萨尔瓦多 #阿根廷 #全球加密货币市场