President Fernández Clarifies Cryptocurrency Stance

Argentinian President Fernández Clarifies Cryptocurrency Stance

Argentinian President Fernández has clarified his stance on cryptocurrency, stating that he did not promote any specific cryptocurrency but only shared information about them. In a recent interview, Fernández addressed the controversy surrounding his tweet about the LIBRA cryptocurrency, which was sent out three minutes after its creation.

Fernández emphasized that he acted in good faith and did not intend to cause any harm to the Argentine people. He stated that the vast majority of investors affected by the tweet were Chinese and American, and that the number of affected individuals was significantly lower than previously reported. He also noted that those involved were professional volatility traders who understood the risks they were taking.

Fernández clarified that he did not promote LIBRA, but rather shared information about it because he is a staunch technological optimist. He believes that any initiative that can improve funding for technology entrepreneurs appeals to him. However, he acknowledged that he made a mistake in not raising his screening standards and being more accessible.

Fernández's clarification comes amidst ongoing discussions about the role of cryptocurrency in Argentina's economy. While some argue that cryptocurrency can provide a viable alternative to traditional banking systems, others express concerns about its volatility and potential for fraud. As the debate continues, Fernández's clarification serves as a reminder of the importance of responsible communication and due diligence when discussing cryptocurrency.