Bitcoin Scandal Fails to Topple Czech Government in No-Confidence Vote
The Czech government narrowly survived a no-confidence vote triggered by a Bitcoin donation scandal. Prime Minister Petr Fiala's coalition secured 98 votes against the motion, with 94 voting to oust the government. The scandal involved former Justice Minister Pavel Blazek accepting a $45 million Bitcoin donation from convicted darknet operator Tomas Jirikovsky without verifying its source. This led to public outrage, his resignation, and a criminal investigation. Criticism intensified as the scandal was perceived to question the government's management of crypto regulations. In the aftermath, opposition party ANO gained a lead in polls ahead of the upcoming national elections. Blazek unsuccessfully defended his actions, insisting he had acted legally, while his successor, Eva Decroix, has initiated an independent audit of the controversial transaction. The political turmoil indicates substantial ramifications for the ruling coalition as public trust wanes amid allegations of mismanagement regarding crypto oversight.
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