A controversial Bitcoin
$105,304.11
transaction has caused a political stir in the Czech Republic, but was not enough to bring down the current government.
On June 17, lawmakers in the lower house of parliament voted on a no-confidence motion aimed at removing Prime Minister Petr Fiala’s government.
Of the 192 members present, 98 opposed the motion while 94 supported it. The vote allowed Fiala’s coalition to remain in power, though by a narrow margin.
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In a post on X following the vote, Fiala said the result was expected and accused the opposition of using the session to spread “insults and lies”. Still, he acknowledged public concern about how government systems might have been used to make criminal income appear legal, according to a report by Brno Daily, a local media outlet.
The issue began when 468 BTC, worth over $45 million at the time, was sent by convicted darknet drug dealer Tomas Jirikovsky to former Justice Minister Pavel Blazek.
Blazek’s ministry sold the Bitcoin and sent about 30% of the money to the state. Critics argued that this process bypassed standard procedures and may have allowed funds tied to illegal activity to be reused without proper oversight.
Meanwhile, Global Ledger and Recoveris, working with Reuters, found that Russia’s Federal Security Service (FSB) recently used Bitcoin to recruit a Canadian teen. Why? Read the full story.
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.
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