A Russian opposition leader who goes by the name Alexei Navalny has been able to raise major funding in bitcoins for his political campaigns.

Navalny is Vladimir Putin’s Main opponent

The politician well known to be a vocal critic and main opponent of the sitting Russian president, Vladimir Putin’s, has raised over 591 BTC in donations over the last three years. When converted, this is estimated to be worth about $3 million at current prices.

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The report of this donation comes at a strategic period and although originally transparent and visible for everyone to see ( blockchain technology) the donations in BTC was pointed by a pro-Putin television network questioned their timing.

According to the those questioning the timing of a donation which came in right before the opposition’s investigative centre, the Anti-Corruption Foundation (FBK), which became popular for exposing government officials such as the prime minister Dimitri Medvedev and attorney general Yuri Chaika, published an investigative piece.

Russian media including the pro-Putin Tsargrad TV is of the belief that this is a hot piece.
These notions were also publicized by an anonymous Telegram channel, “FBK Staffer’s Confession, ”. The group noted that the Navalny organization’swallet received several large donations a few days before FBK published one such investigation

When contacted by the media, FBK’s chief of staff Leonid Volkov denied any connection between the transactions and its investigations. Volkov said the anonymous blogger who publicised the notion “dragged the non-existent facts together in by the head and shoulders.”Volkov added: “You can say that each time Encke’s Comet approaches the Earth it coincides with a big war: 1914 (First World War), 1941 (World War II) and 2014 (War on Eastern Ukraine). But its rotation period is three years, and approached the Earth many times when there were no big wars.”

Bitcoin is Becoming a Tool for the Oppressed

Apart from being an easy and unrestricted way of conducting transactions, bitcoin is speedily becoming a tool for the oppressed. The use of bitcoin in countries like Iraq and Venezuela to deal with the ongoing economic hardship caused by the US sanction has further justified the true importance of the innovation.


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