RATE Group | Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations
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Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

19 Dec Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

Posted at 20:41h in Bitcoin News by

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Russian Opposition Leader Navalny Raises $700,000 in Crypto Donations

Alexei Navalny, Russia’s leading critic of the current Kremlin administration, has attracted a serious amount of cryptocurrency in the form of anonymous donations for his corruption-combatting NGO. The digital coins collected since the beginning of this year have amounted to well over $700,000 at current prices.

Also read: Russian Tax Authority Registers Crypto as Part of a Company’s Capital

Anti-Corruption Foundation Collects 110 BTC in 2019

Navalny’s Anti-Corruption Foundation (abbr. FBK in Russian), which investigates alleged cases of high-profile corruption in Russia, has received 109.6 BTC between Jan. 1 and Dec. 1, 2019, the Russian edition of RT reported this week. At the time of writing, that’s close to 49 million rubles or around $780,000. The bulk of the donations have been made between April and September, during the run-up to the Moscow city council election.

The TV channel tracks all transactions to the wallet used by FBK since…

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