Argentina's President Javier Milei is under investigation for fraud after endorsing the cryptocurrency $LIBRA, which surged and then crashed, causing significant investor losses.
A major political and financial scandal is unfolding in Argentina as President Javier Milei is accused of fraud linked to the cryptocurrency $LIBRA. On Monday, a federal judge initiated an investigation into Milei’s involvement in promoting the digital asset.
The controversy began when Milei used his social media platform to endorse $LIBRA, presenting it as a tool to stimulate economic growth and support small businesses. Within hours of his endorsement, the cryptocurrency's value skyrocketed to a market capitalization of $4 billion, only to crash soon after, leaving investors with significant losses.
Critics have labeled the incident a potential "rug pull" scam—a scheme where developers attract investments, artificially inflate an asset’s value, and then withdraw their funds, causing a sudden market collapse.
Milei, a self-proclaimed "anarcho-capitalist," swiftly distanced himself from the scandal, asserting he had no financial ties to the cryptocurrency’s creators and was unaware of its full details. However, lawyers and human rights organizations have filed complaints, claiming that Milei's actions played a significant role in the alleged fraud.
The federal prosecutor’s office is also investigating whether Milei's involvement breached his official duties or constituted fraudulent behavior. The investigation continues as Argentina grapples with the growing political and financial fallout from this incident.
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The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
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The European Commission has called for enhanced preparedness across Europe, urging improved stockpiling of critical supplies and encouraging citizens to maintain emergency provisions for at least 72 hours.
Kirill Dmitriev, CEO of the Russian Direct Investment Fund, highlighted the potential for international investors, particularly from the Global South, to contribute to the development of Russia's Arctic region, driven by the opening of the Northern Sea Route due to global warming.
Israeli citizens have protested outside the Knesset and Prime Minister’s residence against a controversial law that would alter the judicial appointment committee, a move critics warn could shift power within the judiciary and spark a constitutional crisis.
Britain's proposed assisted dying law for terminally ill individuals may be delayed until 2029, following amendments to the legislation that extend the timeline for implementation and add new safeguards, with the bill still needing approval from both the House of Commons and the House of Lords.
The European Union’s enlargement process continues to move forward, but without mention of Georgia. In a speech at the European Policy Center in Brussels on March 25, European Council President Antonio Costa highlighted the EU’s commitment to integrating Ukraine, Moldova, and the Western Balkans.
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