News
The Argentine president has faced a major backlash after promoting a token with all the characteristics of a classic crypto pump-and-dump.
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Argentina News
Argentina, officially the Argentine Republic, is a federal republic in South America. Argentina is one of the largest countries in the world, being in the top-8 by territory, and is the second largest in Latin America. The economy of Argentina is based on rich natural resources, diversified industries and a large agricultural sector. Argentina has a growing high-tech sector, literate population and a high human development rate. Argentine also benefits from tourism, science, independent media and a developed transport communication. Bitcoin in Argentina is not considered a legal currency, as it is not issued by the Central Bank, but there are no restrictions toward it. Bitcoin mining in Argentina and Bitcoin exchanges are also legal. Bitcoin is considered to be a good under the Argentine Civil Code and its transactions are governed by the rules of the Civil Code.
- News
Argentina’s Chamber of Deputies voted to launch an investigation into President Javier Milei on allegations he promoted the Libra memecoin scam.
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Polls are divided over President Milei’s approval rating following the Libra scandal, with one recent one suggesting more than half don’t trust him.
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Kelsier Ventures, KIP Protocol and Meteora have been sued in a New York court for their alleged role in the Libra token scandal, which saw around $107 million pooled from investors.
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Hayden Davies continues launching memecoins plagued with insider trading activity despite being wanted by Interpol for previous crypto scams.
26385 - Market Analysis
Analysts say Bitcoin’s inflation-hedging ability is uncertain in developed economies but more effective in emerging markets.
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The National Securities Commission approved General Resolution No. 1058, which establishes final guidelines for crypto service providers.
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Crypto firms push for stricter rules on politically endorsed tokens after the $4 billion Libra collapse, citing liquidity locks and insider trading restrictions as solutions
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An Argentine lawyer who represented a former president in a fraud case asked for a global arrest warrant to be issued for LIBRA token creator Hayden Davis.
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“In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” crypto regulations experts told Cointelegraph.
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Federal Prosecutor Eduardo Taiano, who is currently probing President Javier Milei’s alleged involvement in “Libragate,” is also seeking recovery of his deleted social media posts.
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Milei’s LIBRA crypto post sent prices soaring, then crashing. The controversy has left investors dealing with losses and Milei facing a legal and political fallout.
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Memecoins are evolving into retail investor traps, with insider trading and rug pulls raising regulatory concerns, industry observers told Cointelegraph.
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From Argentina to Malaysia, at least five figureheads have become involved in memecoin drama since US President Donald Trump launched his own on Jan. 18.
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The chances for pro-crypto regulation in Argentina could crumble as a result of President Milei’s LIBRA memecoin scandal.
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