Argentinas Milei Probes $LIBRA Crypto Amid Scam Allegations
- Argentinas President Milei orders an investigation into the $LIBRA cryptocurrency.
- KIP Protocol denies involvement, stating the token was managed by Kelsier Ventures.
The launch of LIBRA cryptocurrency sparked a heated debate in the crypto space. Recently Argentinas President Javier Milei, promoted a Solana meme coin $LIBRA by the official X account which later on it plummeted to approximately 90%.
Now President Milei, ordered an investigation regarding $LIBRA cryptocurrency. This move takes place after concerns arose about LIBRAs legitimacy. The investigation is about whether wrongdoing occurred with $LIBRAs release.
On this presidents office released an official statement through their official X account. The statement highlights that Milei has decided to initiate a formal investigation regarding the $LIBRA cryptocurrency and its connections to the KIP Protocol.
The statements cited,
The President of the Nation has decided to create an Investigation Task Unit (UTI) within the orbit of the Presidency of the Nation, composed of representatives of the bodies and organizations with powers related to crypto assets, financial activities, money laundering, and other related areas, which will integrate their information in order to initiate an urgent investigation regarding the launch of the cryptocurrency $LIBRA and all companies or persons involved in said operation.
The investigation aims to gather all the information regarding the $LIBRA token, the KIP Protocol, and individuals involved in this project. A report on this will be presented to judicial authorities, who will evaluate whether any legal violations took place.
KIP Protocol Disclaims Involvement in $LIBRA Launch
On the above investigation, KIP Protocol released a statement declaimed the involvement in the launch of $LIBRA cryptocurrency. The firm highlights that the token was managed by Kelsier Ventures which was a separate entity.
The company emphasized that it doesnt have any crypto wallet that is connected with the LIBRA launch and doesnt make any profit from it. However, the users claim that the KPI shared posts regarding the success of the $LIBRA which raises skepticism about its involvement in the token launch.
Highlighted Crypto News Today:
Argentinas LIBRA Token Crashes 89% Amid Legitimacy Concerns
Read more: https://thenewscrypto.com/argentinas-milei-probes-libra-crypto-amid-scam-allegations/
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
