Bitcoin (BTC) seems to be reaching mainstream media once again. This time, it is not related to price action. In this case, a Russian law enforcement agency has been involved in controversies after trying to extract a bribe in Bitcoin worth $1 million.
Regulatory Agency Wants Bribe in Bitcoin
According to the local crypto news site Coinspot.io, there has been a scandal that involves Russia’s secret police and the ex-head of one of the largest newspapers in the country. Now, these individuals are currently arrested.
Apparently, 15 different members of the FSB secret service from Russia, aimed at gathering $1.02 million out of the estate of a media mogul in exchange for his freedom. The ex-CEO of Izvestiya, Erast Galumov, has been accused of fraud for over $670,000.
The members of an office of the FSB in Moscow, have requested Galimov’s family to transfer money in Bitcoin to an arranged recipient in order to release Galimov. Although Bitcoin can be traced, nobody would ever imagine that there was a Bitcoin deal behind.
The agent Kolbov worked as Mikhail to ask for the bribe. At the same time, Galimov’s son has been asked to leave the country to avoid problems and “doing time for his father.”
At the moment, a court in Moscow is working in order to determine which is going to be the fate of the agents involved in this situation.
This shows that not only individuals and crypto projects have been involved in illicit activities around virtual currencies. There are some countries that would clearly try to profit from a similar situation, even if that includes the use of Bitcoin or other virtual currencies.
Russia has been trying to regulate the market as well during the last year. However, it has been difficult to find the correct legislation for this matter.
There is a Russian analyst that believes that the governments will be purchasing large sums of money to avoid being sanctioned by the United States. By using Bitcoin, the country will be able to send and receive payments even if its traditional financial network is blocked by the companies that provide this solution.