In his X (formerly Twitter) account, the economist made a comparison step by step on what happened on Friday with the controversial cryptocurrency announced by Milei. In this way, he stated: “Imagine that with 5 teammates from your football team invent a digital asset, they name ‘the carrot’, and go out to sell it. One thing that is useless. It has no support, nothing. A joke. Who would buy that? Nobody. You 5 own all the actions of a project that is worth zero. “
“But here is a detail. Before starting the project they know the president of Argentina, they chat with him. Arriving the day, two minutes after they launch the carrot, in a valentine’s sunset, he barely closes the New York Stock Exchange, The president of Argentina draws a tweet (set) promoting the digital asset they invented: ‘Carrot, a great vehicle for the financing of small companies in Argentina, a private project that will encourage the growth of our country, you can buy it by clicking here, Vllc!’ That is, he told us: Boys, this is not Timba, this is real economy, they buy that it is good, “he added.
Then, he explained: “Seconds later, thousands of people go out to buy shares of their carrot project. There is a demand for what you offer. Ergo, starts up the price. Go up and upload. The action reaches 5 USD. GOLAZO! Now the actions that you have worth 90 million USD. So they say: Let’s sell now and turn this garbage into a twine! “. Thus, he remarked that “with such a offer, the price collapses”, and that “All who bought begin to realize that they were scammed”. And he pointed out: “44 thousand people who put twine excited by the president’s tweet are now due to the actions of El Carria, They are worth zero. And a handful of chabons stayed with USD 90 million“
The president is “a criminal” or “a naive”
To finish his comparison, Guzmán said: “After all that sequence, The president erases the tweet, claims to be naivetype ‘Actually I did not know the project well but to the unclean rats that criticize me I will kill them in my ass’, addressing their colleagues, politicians. “
Once the analogy was completed, the economist raised two possible scenarios: “Or the president is a criminal or really naive, as he argues.”
“If this is not an offside of many meters, there is a change of stage in our democracy, where the limits in the use of the president’s power would not prevent multimillion -dollar scams, choosing the winners. And go to control between those who and what the loot is distributed. If Caputo tomorrow manages to approve a new laundering, a few new million dollars may quickly be noted, “he concluded.
Former president of the BCRA requested “exemplary sanctions” after Javier Milei’s crypto promotion
Alejandro Vanolieconomist and former Central Bank of the Argentine Republic (BCRA)he reacted this Saturday to the scandalous publication of Javier Milei In his social networks, where he promoted the cryptocurrency $ Libra, which quickly lost its value and fell under the suspicion of being a “rug pull”, A fraudulent maneuver used by developers behind a cryptoactive project.
In his X account, Vanoli said: “The facts according to my experience of presiding over the CNV (National Securities Commission) from 2009 to 2014. A KIP protocol operator launches a token called Libra. It is operated by few virtual wallets. In the exchango from the Outdoor Solana to operate. President Milei praises and encourages Libra by making a purchase recommendation. Note that the president did not clarify that his sayings are not a purchase recommendation as if they clarify it by covering various operators“
“The price of the token quintupple its value in hours, in the middle a market value of US $ 45 billion evaporates and there are victims. After Milei posts, the value of the Token reaches the maximum and then there are massive withdrawals in five operators for almost US $ 100 million“He added.
“They must investigate the use of privileged information”
Under this framework, the economist warned that “There is a possible crime of fraud” But that “justice and CNV must investigate possible use of privileged informationmarket manipulation art. 308 and 309 of the Criminal Code and Transparency Regime of the CNV, in addition to unauthorized intermediation and/or irregular public offering, which Change the severity of the crimes is whether it is proven that Milei relatives/linked operated the cryptotoken and benefited with it Or it was simply “recklessness” to copy something similar that Trump’s family launched before accessing the presidency. “
“In the ‘Purchase recommendation’ the key is whether Milei is not suitable for CNV or a registered agent. Outside that the CNV and justice investigate and sanction this possible scam although CNV thinks in a questionable way that a token is not a value negotiable, because it is not a currency for the BCRA that are the cryptoactive? What happened is serious and made so can affect the general public in the future if there are no exemplary sanctions“He added.
Finally, it established that “the capital market law and the Criminal Code that were modified in 2012 so that Argentina is qualified as a country of high standards of financial regulation and transparency for both iOSco (International Securities Regulator) and GAFI (agency Global Antilavado) give all legal tools to protect the investor and penalize fraud that affect financial stability. A country that wants to receive investments must have legal certainty and active regulators to guarantee transparency and legality“
Source: Ambito
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