The post Argentina’s Milei Probes $LIBRA Crypto Amid Scam Allegations appeared on BitcoinEthereumNews.com.

Argentina’s 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 Argentina’s 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 LIBRA’s legitimacy. The investigation is about whether wrongdoing occurred with $LIBRA’s release. On this president’s 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 doesn’t have any crypto wallet that is connected with the LIBRA launch and doesn’t…

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Filed under: News - @ February 16, 2025 10:22 pm