$45 Million Bitcoin Scandal

[tech30338]

Czech government survive another attempt to overthrow them, the reason for this is because of the money given to them  as a donation by jirikovsky a convicted criminal
This has led to the people lose trust to government, also led to the resignation of the justice minister and pressure the finance minster to also resign.
With this are we seeing more of this kind of situation that will happen in other governments?
And what other impact this might bring, now that lots of company and other entities are acquiring bitcoin, like the first healthcare acquiring bitcoin
Here is the link of the news:
https://cointelegraph.com/news/czech-party-survives-fourth-no-condifence-vote-amid-bitcoin-scandal

[Ucy]

This would have been an issue if the donation was in foreign currency, from non-citizen who is bad/dangerous for the country. But since Bitcoin is a neutral currency, and  transparent enough to determine how the donor acquired the coins, the donation reciever could be considered especially if the transactions related to the coins of the donor is transparent, no mixer used and the coins is clean. This is important considering the reciever is a government official and the donation is for election into government office. The size of the donation could matter too or be something to be suspicious about.  I think lawful investigators can privately determine the identities of Bitcoin donors for elections or things like this assuming they are anonymous.
Anyway, Bitcoin can easily scale through alot of morality checks as along as its principles are not violated. It's safer to use it compared to other non-local currencies in things like this

[BIT-BENDER]

Why can't it be $45 million government scandal, what is the emphasis on Bitcoin doing there.
I don't know if you have passed the real Information in the body of your post but I believe you did, this is a scandal that involves the government taking money from a person of perceived negative aura now that is what it should be about the medium should not take center stage since both the sender and receiver known.

[qurbanshah02]

Czech government survive another attempt to overthrow them, the reason for this is because of the money given to them  as a donation by jirikovsky a convicted criminal
This has led to the people lose trust to government, also led to the resignation of the justice minister and pressure the finance minster to also resign.
With this are we seeing more of this kind of situation that will happen in other governments?
And what other impact this might bring, now that lots of company and other entities are acquiring bitcoin, like the first healthcare acquiring bitcoin
Here is the link of the news:
https://cointelegraph.com/news/czech-party-survives-fourth-no-condifence-vote-amid-bitcoin-scandal

There is such confusion every day, but what is clear is that by doing this, the government and the punishment given will reduce it a little, which will make everyone afraid of the threat that is being placed on Bitcoin and therefore crypto will also be peaceful. This will affect other companies because Bitcoin is mostly running in every country and every company will suffer or suffer, so this is a good lesson for everyone. The link you have given has all the information and explanation, which ends all the talk.

[peter0425]

Why can't it be $45 million government scandal, what is the emphasis on Bitcoin doing there.
I don't know if you have passed the real Information in the body of your post but I believe you did, this is a scandal that involves the government taking money from a person of perceived negative aura now that is what it should be about the medium should not take center stage since both the sender and receiver known.

I believe OP didn’t really explain properly the context of the situation.

The bitcoins were “tainted”. Used in illegal transactions since the sender was a convicted criminal. Some people might be thinking that sending a donation of bitcoin can’t be that bad but apparently in Czech, a government receiving “dirty” bitcoin from a criminal looked bad and raised critics.

Now there are investigations into whether there were money laundering involved in what appeared to be simply a donation. I think most people were worried about the possibility of money laundering.

[Minor Miner]

politics has taken a dark turn lol. Justice Minister Pavel Blažek resigned after selling 468 bitcoin what he got as a donation because they came from a dark web criminal. Opposition called it money laundering and government narrowly survived a no confidence vote 94 vs 101. While the judge's resignation has made civilian government safer, public trust has been eroded ahead of October election.

you know when government or institution hold or sell crypto from questionable sources, the need for due diligence and transparency also ethical standard comes into sharp focus, right? Especially when institution are investing in crypto, such as the first healthcare provider you mentioned above, they will face increased regulatory pressure globally unless they clearly demonstrate a track record of auditability and source verification. You know, such type of czech saga is not just local at all, it may increase global standard for public crypto and ethics.

[Blueburst]

Since money and corruption mingle together, honest incidents like these show how fragile public confidence in government can be. It is hardly surprising that authorities are departing since a convicted criminal was able to influence politics with donations, therefore erasing public confidence. As for businesses embracing bitcoin like the hospital one, we could start seeing increased pressure in other nations too, especially when politicians are related to dubious crypto activities or unexplainable income.

[memehunter]

The bitcoins were “tainted”. Used in illegal transactions since the sender was a convicted criminal.

I see, thanks for explaining it.

Justice Minister Pavel Blažek resigned after selling 468 bitcoin what he got as a donation because they came from a dark web criminal. Opposition called it money laundering and government narrowly survived a no confidence vote 94 vs 101.

What are the chances that he was not aware of the source? IMO, zero lol. Although the government survived with a thin margin, it will now extract more from people in the form of corruption because in the upcoming elections chances of winning are slim. And guess what, they will be smarter this time lol. 

[logfiles]

Czech government survive another attempt to overthrow them, the reason for this is because of the money given to them  as a donation by jirikovsky a convicted criminal

It could have been any other form of currency, but with Bitcoin, all transactions are transparent. If it was through fiat currency, there is a high chance that not so many people would have known about such a deal.

With this are we seeing more of this kind of situation that will happen in other governments?

Getting donations of criminals or particularly using Bitcoin donations?

And what other impact this might bring, now that lots of company and other entities are acquiring bitcoin, like the first healthcare acquiring bitcoin
Here is the link of the news:
https://cointelegraph.com/news/czech-party-survives-fourth-no-condifence-vote-amid-bitcoin-scandal

There is nothing wrong with Bitcoin

[passwordnow]

I think several governments have got their seized Bitcoin and people won't complain with that. But accepting Bitcoin's or dirty funds, that's how they react with it. It's better for these governments to give always the clarity why they have accepted what was given to them than to hide it and make people angry of it.

And what other impact this might bring, now that lots of company and other entities are acquiring bitcoin, like the first healthcare acquiring bitcoin

Bitcoin is still Bitcoin.
It's only the opinion of people that matters here and the other sectors won't be affected.

[Rruchi man]

Now there are investigations into whether there were money laundering involved in what appeared to be simply a donation. I think most people were worried about the possibility of money laundering.

There could also be the worry that a government receiving a donation from an individual who has been associated with a lot of criminal activities can put the government in a position where they feel indebted and have to grant this person a form of favor later in the future as payback; that is something to worry about.

[Reatim]

Czech government survive another attempt to overthrow them, the reason for this is because of the money given to them  as a donation by jirikovsky a convicted criminal

It could have been any other form of currency, but with Bitcoin, all transactions are transparent. If it was through fiat currency, there is a high chance that not so many people would have known about such a deal.

it was intentional since they are trying to overthrow the current administration i believe this was an elaborate plan to make the government look bad

if fiat was given no one would know but bitcoin is seen by everyone and everyone can see from where it came from and the tracks of the bitcoin

[NotATether]

I don't see why a government should have any reason to accept money from dark web criminals, or any sort of criminal to be honest, whether or not the donation is made in Bitcoin. To me, it smells like corruption.

I guess the governments in this region have a huge problem with corruption in general, since they used to be part of the Soviet sphere and then they suddenly lost all that when they collapsed in 1991.

[buwaytress]

This isn't a Bitcoin scandal. It's a corruption scandal. Would it be a euro scandal if they received funds in that currency instead? Don't usually need to be picky, but you really should know better OP!

I don't see why a government should have any reason to accept money from dark web criminals, or any sort of criminal to be honest, whether or not the donation is made in Bitcoin. To me, it smells like corruption.

You don't need a reason for corruption. Money speaks for itself. Bad mistake if they think Bitcoin somehow is less traceable than good old cash in a suitcase (refer Eva Kaili, Greek EuroParl MEP).

[Lucius]

it was intentional since they are trying to overthrow the current administration i believe this was an elaborate plan to make the government look bad
~snip~

Maybe there is something in that - because something like that will certainly not happen in Slovakia or Hungary, and those who live in the EU know very well why this is so and which country is trying to destabilize all EU governments with various influences. Receiving a donation in cryptocurrency is always risky, because with all the available blockchain analysis tools, anyone who tries a little harder can find a transaction that contains coins that could be considered tainted.

Let's imagine that the police stop you on the street, ask for your wallet and start checking the banknotes by serial numbers and find that one of the banknotes was involved in illegal activity - are you a criminal because of that if you got the same banknote through an ATM or in a store?

[Synchronice]

A man, who was previously convicted of drug trafficking, weaponize offences and other illegal things, donated 1 billion Czech money to the Ministry of Justice. Isn't that funny and ironic? By the way, if the opposition party hasn't made it as a scandal, the government would feel okay to accept donation from criminals. This means that the government is okay with money laundering through Bitcoin donation if no one notices but if you receive a few bucks from a mixer, then the police will immediately knock on your door.

[Don Pedro Dinero]

politics has taken a dark turn lol. Justice Minister Pavel Blažek resigned after selling 468 bitcoin what he got as a donation because they came from a dark web criminal. Opposition called it money laundering and government narrowly survived a no confidence vote 94 vs 101. While the judge's resignation has made civilian government safer, public trust has been eroded ahead of October election.

you know when government or institution hold or sell crypto from questionable sources, the need for due diligence and transparency also ethical standard comes into sharp focus, right? Especially when institution are investing in crypto, such as the first healthcare provider you mentioned above, they will face increased regulatory pressure globally unless they clearly demonstrate a track record of auditability and source verification. You know, such type of czech saga is not just local at all, it may increase global standard for public crypto and ethics.

For me this should not be a problem if you dedicate the money to noble causes rather than to personal or party profit. So a criminal wants to give me a donation of money that probably comes from drug trafficking? I am going to donate it to associations that help people who suffer from this problem and others such as sexual exploitation and marginalisation. Being a politician, or a political party, and benefiting from that money, I see the controversy as justified.

This isn't a Bitcoin scandal. It's a corruption scandal.

Aye.