Czech Government Survives Bitcoin Scandal No-Confidence Vote

HomeNews* The Czech government survived a no-confidence vote sparked by a $45 million Bitcoin payment.

• A convicted darknet operator donated 468 bitcoin to the state, causing controversy.
• The Justice Minister who accepted the bitcoin later resigned following public backlash.
• Opposition leaders accused the government of potentially enabling money laundering.
• Polls show the opposition ANO party as the frontrunner ahead of the Czech parliamentary election in October. The government of the Czech Republic retained power after facing a no-confidence vote in parliament this week. Lawmakers called the motion after the state accepted a bitcoin payment worth about $45 million from a convicted criminal.

• Advertisement - A man previously jailed for operating Sheep Marketplace, an illicit online drug market, paid 468 bitcoin to the Czech state. Former Justice Minister Pavel Blazek accepted the cryptocurrency on behalf of the government. He later resigned his post due to public criticism about the payment and how it was handled. Officials said the bitcoin was sold for roughly $45 million.

The opposition party ANO, currently leading in the polls, brought the no-confidence vote and accused the ruling coalition of possibly helping to launder assets of unclear origin. Critics said authorities should have involved law enforcement—such as prosecutors or police—rather than directly taking the bitcoin donation. After two days of debate, the government of Prime Minister Petr Fiala survived the motion, as his coalition still holds a majority in the lower house.

According to statements from Blazek, he followed legal procedures in accepting the cryptocurrency. He said the payment represented about 30% of crypto assets recovered from the donor’s returned devices. The motives behind the donation remain unknown.

This event put pressure on the ruling party ahead of the country’s national elections. The Czech National Bank recently announced plans to consider studying bitcoin as a reserve asset. Its chief, Ales Michl, stated that bitcoin should not be seen as the same as other cryptocurrencies.

Prediction markets currently favor the main opposition party, ANO, to win the October election. According to Polymarket, ANO’s chances stand at 92%, while Blazek’s ODS party is at just 6%. For further background, see Reuters and details on Blazek’s resignation at AP News.

Previous Articles:

• Crypto Mining in Texas Spurs Power Strain, Water Waste, and Outrage
• MapleStory N Bans Thousands Amid Surge of Hackers and Bots
• UK Faces Criticism for Delayed Crypto Regulation Amid Global Moves
• BlackRock Spot Ethereum ETF Sees $19.7M Outflow After 30 Days
• Bitcoin Surges as Trump Predicts Massive Crypto Investment Wave

• Advertisement -