A large Bitcoin sale by the Czech government has triggered political backlash and calls for a vote of no confidence.
The opposition party ANO is seeking answers about how the sale was handled and is pushing for a debate in parliament on June 17.
According to a June 12 post on X, ANO questioned whether the Justice Ministry had properly verified the source of the Bitcoin before the sale. The party also asked who had authorized the transaction and whether proper legal procedures had been followed.
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ANO claimed that some Bitcoin buyers are requesting refunds, although no specific details have been made public. The party also questioned how any compensation would be handled and what funds would be used.
Alena Schillerova, ANO’s vice chair, said in a June 12 post on X that the party had “no choice” but to take action.
The Justice Ministry sold nearly 500 Bitcoin on March 28, seized from convicted criminal Tomas Jirikovsky, for around 1 billion Czech koruna (about $45 million).
Justice Minister Pavel Blazek stepped down on May 30 following criticism. While he maintained he had done nothing wrong, he said he resigned to avoid further harm to the government’s reputation ahead of the upcoming October election.
Following Blazek’s resignation, President Petr Pavel appointed Eva Decroix as the new Minister of Justice. Decroix promised to support an independent investigation and said the ministry would cooperate in uncovering what happened during the sale.
Recently, Texas Representative Brandon Gill faced backlash for failing to report two Bitcoin purchases as required by the federal STOCK Act. How did that happen? 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.
