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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on June 12, 2025

    Featured image for article about Headlines

    PRAGUE (Reuters) -The main Czech opposition party on Thursday called a no-confidence vote in the government, accusing it of corruption over the acceptance of a payment to the state by an ex-convict worth $45 million in bitcoin.

    The vote, scheduled to take place on Tuesday, is likely to fail as the government has a majority in parliament - but it could still dent the ruling centre-right coalition's chances in an October 3-4 election in which it trails the opposition.

    Political veteran Pavel Blazek resigned as justice minister on May 31 for accepting the payment for the state, though he denied doing anything illegal.

    Opposition groups including the ANO party led by former prime minister Andrej Babis have called on Prime Minister Petr Fiala to quit and said the payment was evidence of corruption.

    "We have no choice," ANO vice-chair Alena Schillerova said on X after filing the no-confidence motion.

    The man who made the donation of 468 bitcoins to the state was in jail from 2017 until 2021 after being convicted of involvement in the drug trade, fraud and illegal possession of weapons.

    Blazek has faced criticism for possibly legitimising the ex-convict's assets, instead of turning to prosecutors or police to help secure them.

    Opinion polls show Babis's ANO party with a clear lead over the main group in the government coalition led by Fiala's ODS party.

    (Reporting by Jason Hovet; Editing by Andrew Heavens)

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