The days go by and the lags remain The promotion of $ Libra by the president Javier Milei. An imprudence that generated concrete and tangible damage to third parties and that vapuled the trust and solidity of the Argentine crypto ecosystem. An industry that stands out globally for both its users and the actors that compose it.
In the City they comment that the most negative impact of the adventure of Milei Erosion confidence in the industry, which slows the mass adoption of cryptoactive. Although there are those who think that it was only compromised here The President’s reputation and not that of the crypto ecosystem.
And it is that as well pointed out a high source of the crypto industry in statements to Scopewhat happened with $ libra “generates friction” on the path that Argentine cryptoactive companies work. “We have been working for years so that the ecosystem is clearer and more accessible to all. Therefore, it is worrying that situations such as this discredit the advances achieved, by associating the concept of “crypto“With fraud and deception,” he shot.
The industry rejects Javier Milei’s “Fantochada”
In this regard, Santiago SiriPresident of Democracy Earth Foundation – In statements to Scope– points out that “Fantochada of the president”The usual operation of all virtual wallets used in the country to buy and sell cryptocurrencies did not affect in the least.
He explains that the crypto ecosystem in the country is composed of between 5 and 8 million users, who, for the most part, are very familiar with the seriousness of the projects that operate in the national territory. In addition, as indicated, the Cryptodolla They are used daily and the monthly volume of cryptocurrency operations exceeds US $ 500 million.
For the referent, “the launch of a memecoin from the presidency of the nation” leaves more to desire from the reputation of the president than of the crypto ecosystem. “As Milei himself pointed out, the memecoins are a digital casino. However, he is in doubt why he decided to promote precisely that. ”
For its part, Denise CinelliCoo de Cryptomkt, He thinks in dialogue with this medium that the promotion of $ libra by Milei and its subsequent collapse “Not only does it affect to whom they participated directly in the project, but weakens confidence throughout the ecosystem”
Erosion of trust in an industry full of prejudices
As the expert analyzes, when users observe that a cryptocurrency can disappear from one moment to another without clear explanations, “It is natural that doubts arise about the security of any other digital asset”,
For Cinelli, the most negative impact of presidential nonsense “It is the erosion of user trustbecause without the same, there is no mass adoption. And without mass adoption, cryptocurrencies lose their ability to transform the economy, ”he laments.
However, he warns that this case also leaves an opportunity: “demonstrate that the crypto ecosystem can self -regulate and respond with maturity. Now, more than ever, it is time to work together to strengthen the credibility of this industry and guarantee that the future of cryptocurrencies is solid and sustainable. ”
Carlos Peraltaleader of public policies of Argentine Bitsocoincides with Cinelli and ensures that the case of $ Libra impacts “inevitably on the Argentine crypto ecosystem” and very negatively. The expert analyzes that the scandal directly hits the perception of the industry, “in a market that is already loaded with many prejudices that arise because they are a recent development based on state -of -the -art technologies
Peralta is clear when exposing that these practices (such as those disseminated by Milei) damage user confidence and promote a negative stigma around cryptocurrencies, “when they are actually active very useful for both people and companiessince they offer many advantages and facilitate the financial inclusion of thousands of people. ”
And like Cinelli, Peralta advocates a regulated industrywhich works together with the National Securities Commission (CV) to guarantee the protection of users. “Not all cryptocurrencies are the same: there are substantial differences between stablecoin, bitcoin, ether or a volatile token like a memecoin”, He concludes.
“The blockchain is not a casino”
Finally, from Lemonthey pointed to the scope that unlike what was said by the head of state in his defense, “The blockchain is not a casinoit is a tool to build a decentralized internet based on digital property and control over your assets. ”
And add the exchange: “Today, Argentina is positioned as a leader in the Latin America industry with more users and crypto volume received from the continent. Therefore, we must not lose sight of the opportunities that we still have to work to achieve the next wave of adoption of the local crypto ecosystem and open new opportunities and cases of use ”.
In this way, the industry sees with concern as this type of actions Not only do the crypto ecosystem harm national, but also They distort the true meaning of cryptocurrenciestrying to take advantage of your use cases to sow confusion.
Far from being a mere speculation, Bitcoin and solid crypto projects They represent a real opportunity for people and the country to generate, protect and transfer value safely and transparently.
Source: Ambito
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