In accepting a bitcoin donation of virtually CZK 1 billion, the state failed to adjust to the fundamental necessities that any entity topic to the European MiCA regulation or the Anti-Cash Laundering Act should comply with, the Czech Cryptocurrency Association mentioned in a press launch. It mentioned the authorities had uncared for to take all of the precautionary measures required in accepting a donation of any dimension – corresponding to donor identification, in addition to an evaluation of the origin of the funds, the motivation of the donor and the potential danger associated to crime.
