Here’s what Argentina’s president Milei’s crypto scandal could mean for Argentine stocks

Bloomberg

Lean Left

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Milei’s Crypto Blunder Carries Big Political Risks

The volatile Argentine leader’s credibility will suffer from his Libra endorsement. He can’t afford more unforced errors ahead of crucial midterm elections.

MarketWatch

Center

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Here’s what Argentina’s president Milei’s crypto scandal could mean for Argentine stocks

Argentine President Javier Milei is facing impeachment calls after he promoted a little known cryptocurrency libra, which soared and soon plunged. However, it is unlikely to upend Milei’s presidency, while the negative impact on Argentina assets are likely to be limited to the short term, according to BCA Research.

finews.asia

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Argentinian President Lands in Crypto Scandal

Argentinian President Javier Milei has landed himself in a crypto scandal following a post on social media. In a post on the «X» platform on Friday evening, the libertarian politician referred to a cryptocurrency that is intended to support the financing of SMEs in Argentina. The aim of the «$Libra» currency is to «stimulate the growth of the Argentine economy by financing small businesses and Argentine entrepreneurs,» wrote President Javier Mil…

meneame.net

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Everything rotted in Argentina. El Peluca, journalism, all bollocks. The president has turned Argentina into a shameful timba...tags: milei, viale, interview, scam, libra, argentina» original news (www.youtube.com)

barlamantoday.com

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Argentina's President Denies Involvement in ‘$Libra’ Cryptocurrency Collapse

Javier Milei, has denied promoting a newly launched cryptocurrency “$Libra” which collapsed shortly after he posted about it via X

epochtimes.de

Factuality

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Argentina's President Javier Milei is coming under massive pressure for the first time in his term in office. The reason is the collapse of the cryptocurrency $LIBRA, whose rapid rise was fueled by a tweet from Milei. Now he is facing allegations of fraud and the threat of impeachment - a problem with a view to the 2025 midterm elections.