The Czech Republic might be forced to buy 400 BTC worth 45 million USD to resolve a legal dispute

Cryptocurrency News and Public Mining Pools

The Czech Republic might be forced to buy 400 BTC worth 45 million USD to resolve a legal dispute

A legal dispute between the Czech Ministry of Justice and investors who purchased Bitcoins in an auction may soon be resolved — potentially by the end of August.

Investors who bought these bitcoins insist the state must deliver "clean" (unflagged) Bitcoins stipulated in their contract, not the ones donated to the Czech State by convicted criminal Tomáš Jiřikovský (see sources, it's a wild story). These bitcoins can be traced to a darknet marketplace and are most probably flagged.

If the ministry fails to supply these particular Bitcoins, investors have indicated they will file a lawsuit. Consequently, the Czech State might be forced to purchase alternative Bitcoins — approximately 400 BTC (currently worth ~$45,500,000) — to fulfill its obligations.

Sources:

English: https://medium.com/technology-behind-energy-efficiency/sheep-marketplace-how-tomas-jirikovsky-and-the-czech-minister-of-justice-came-to-bitcoin-bd735e4f635a

Czech: https://zpravy.aktualne.cz/domaci/sezene-decroix-jine-bitcoiny-chceme-jen-ty-ciste-rikaji-kupc/r~9b6d328e776d11f0a26cac1f6b220ee8/

submitted by /u/Taman182
[link] [comments]