Analysis of the Controversy between Milei and Libra
The controversy between Argentine President Javier Milei and the Libra cryptocurrency has generated a great deal of debate in the financial and political communities. According to a report by the Reuters news agency, the Libra cryptocurrency was promoted by Milei on his social media, generating great excitement and an increase in the currency's value (Reuters, 2023) [1]. However, the cryptocurrency was soon discovered to be a scam and its value plummeted, leaving many investors with million-dollar losses.
An analysis of the situation carried out by the economic newspaper Clarín revealed that the company behind the cryptocurrency, KIP NETWORK INC, is registered in Panama and its CEO, Julian Peh, is a Singaporean citizen who had met with Milei in the past (Clarín, 2023) [2]. This has raised suspicions about the possible relationship between Milei and the company behind the cryptocurrency.
The request to investigate Milei for her alleged involvement with the Libra cryptocurrency was rejected by the Chamber of Deputies (La Nación, 2023) [3]. However, the controversy remains a topic of great interest and controversy in the financial and political communities.
References:
[1] Reuters. (2023). Argentina's Milei promotes cryptocurrency that later collapses.
[2] Clarín. (2023). The cryptocurrency that Milei promoted and collapsed: what is known about its CEO.
[3] La Nación. (2023). Request to investigate Milei for the Libra cryptocurrency rejected.