PANews reported on February 16 that the Argentine Presidential Office issued a statement regarding the LIBRA token, stating:

“On October 19, President Javier Milley met with representatives of KIP Protocol in Argentina, where he was informed of the company’s intention to develop a project called Viva la Libertad to finance private businesses in the Argentine Republic using blockchain technology. The meeting was attended by the President of the country, which has been officially recorded in the Register of Public Hearings; KIP Protocol company representatives Mauricio Novellli and Julian Peh; and presidential spokesman Manuel Adorni.

In this context, on January 30, 2025, the President held a meeting at the Casa Rosada with Hayden Mark Davis, who, according to representatives of KIP Protocol, will provide the technical infrastructure for his project. Mr. Davis, who has no past or present relationship with the Argentine government, was introduced by KIP Protocol representatives as one of the partners in the project.

Finally, yesterday, the President shared a post on his personal account announcing the launch of the KIP Protocol project, as he does every day with many entrepreneurs who want to launch projects in Argentina to create jobs and obtain investments. Since he is not involved in the development of any cryptocurrency, after the reaction to the launch of the project, in order to avoid any speculation and not to spread it further, he decided to delete the tweet.

In light of the facts, President Javier Milley decided to immediately request the intervention of the Anti-Corruption Office (OA) to determine if there had been any wrongdoing by any member of the national government, including the President himself.

On the other hand, the President decided to set up an Investigative Task Force (UTI) within the Presidential Palace, composed of representatives of institutions and organizations related to crypto assets, financial activities, money laundering and other related areas, who will integrate information and conduct an urgent investigation into the launch of the cryptocurrency $LIBRA and all companies or individuals involved in the above-mentioned actions.

All information gathered during the investigation will be turned over to the courts to determine if any company or individual associated with the KIP Protocol project committed a crime. President Milley has demonstrated his commitment to the truth through his actions and is committed to fully clarifying the facts of this matter to the final conclusion.”