$46M Bitcoin Donation Pushes Czech Government to the Brink

CN
6 hours ago

A controversial bitcoin donation has plunged the Czech coalition government into crisis, leading to a vote of no confidence initiated by opposition parties on June 17. The scandal, which saw a Ministry of Justice minister resign four months before parliamentary elections, centers on a transfer of $46,234,223 in bitcoin ( BTC) to the ministry by convicted criminal Tomáš Jiřikovský.

According to a report, Jiřikovský’s past criminal activities include embezzlement, drug trafficking and illegal arms possession. His donation to Czech Prime Minister Petr Fiala’s government has ignited public and political outcry, leading to accusations from opposition figures that the government is “involved with the underworld.”

Prime Minister Fiala, addressing the Chamber of Deputies on June 17, acknowledged the “unnecessary problem that could have been prevented” caused by the controversial bitcoin donation. He conceded that the incident had “caused a shake-up of trust in state institutions” and promised a thorough investigation to restore public confidence. Fiala emphasized his government’s commitment to transparency.

“We are not sweeping anything under the carpet; we are ready to respond to any information that appears or will appear,” Fiala stated.

The vote of no confidence, however, is unlikely to succeed because the opposition collectively holds 91 votes, 10 votes short of the 101 needed for the confidence vote to prevail. Furthermore, the chairman of the Mayors’ Association and Minister of the Interior, Vít Rakušan, has declared that his STAN movement would not vote to oust the government.

“The decision that I made very clearly, namely that the Mayors would not join any vote of no confidence in this government, was not an easy decision,” Rakušan said, emphasizing that while a rebellious stance might offer short-term political gains, it would not serve the best interests of the Czech Republic.

The parliamentary debate is expected to continue late into the night on June 17 and likely extend into the evening of June 18. Meanwhile, the Ministry of Justice’s new minister, Eva Decroix, has pledged to clarify the circumstances of the donation based on facts, with a preliminary sequence of events to be published after the government’s discussion and an audit expected by the end of July.

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