Russia’s citizens are employing Bitcoin to support detained political opposition leader Alexei Navalny who was lately arrested at Moscow Airport on Jan. 17 under the form of a 2014 conviction. The Russian police in Moscow detained Navalny at the Moscow airport as he returned from Berlin. Officials stated that a 2014 sentence prompted his arrest last Sunday. Navalny asked for a nation-wide protest, and citizens complied, with thousands of protestors arriving in the nation’s capital.
Navalny’s political party, “Foundation for Combating Corruption,” is a non-profit organization that does not list the party’s Bitcoin address for legal reasons. Nonetheless, the group’s headquarter website, linked to the homepage, allows donations through wire transfer, PayPal, and Bitcoin. The party’s address has taken various grants totaling 3.5 BTC ($120,000) as his arrest. It holds a total of 657.1 BTC ($21.3 million) after the party first commenced receiving Bitcoin donations. Moreover, the donations proceeds to appear in the address.
Russian Officials arrest of 3000 Protestors in Moscow
Bitcoin has been an active proponent of public rallies and furtive operations worldwide. From supporting Hong Kong protesters last year to financing the U.S. Capitol riots more lately, it has witnessed all. Vladimir Putin has declared the protests are unlawful and dangerous. Reportedly, the officials arrested more than 3000 protestors in Moscow. Alexei Navalny is a lawyer set activist who started scrutinizing Russian President Vladimir Putin in the 2000s. He declared his presidential nomination in 2016.
The political activist has suffered a sharp resentment from the government, particularly for his reports against Putin. Navalny has consumed time in jail on record of reportedly incorrect charges and has also been poisoned most recently in August, which propelled him into coma. The Russian opposition leader has gained support from Joe Biden’s administration, demanding his release. The Russian Ministry of Labor banned state officials from storing any cryptocurrency. The new rule not only limits federal and local employees from obtaining new cryptocurrency—it requires the sale of old acquisitions as well.
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