Does Kevin Hollinrake Support Crypto?

To ask the Chancellor of the Exchequer, further to the HMRC policy paper, Taxation of stablecoins, of 13 July 2026, whether Tether will be an eligible stablecoin.

To ask the Chancellor of the Exchequer, pursuant to the answer of 21 May 2026, to Question 2120, on Cryptocurrencies, and further to the HMT press release, "UK cracks down on backdoor Russian sanctions evasion with tough new measures", of 26 May 2026, what assessment has (a) HMT and (b) the Financial Conduct Authority, made of whether the Tether cryptocurrency is connected with (i) money-laundering and (ii) sanctions evasion.

To ask the Chancellor of the Exchequer, pursuant to the answer of 20 May 2026 to Question 1344 on Donors: Capital Gains Tax, whether this approach on capital gains tax extends to the donation of a cryptocurrency asset.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission holds information on whether (a) Tether and (b) other types of cryptocurrency are being used to make political donations.

To ask the Chancellor of the Exchequer, with reference to the answer of 11 March 2026, to Question 118363, on Cryptocurrencies, whether (a) the Financial Conduct Authority or (b) Bank of England have conducted a review into Tether.

To ask the Chancellor of the Exchequer, what guidance the Financial Conduct Authority provided on cryptocurrency payments to domestic Politically Exposed Persons.

To ask the Secretary of State for the Home Department, whether the National Crime Agency has received any Suspicious Activity Reports relating to (a) cryptocurrency donations to UK politicians or (b) donations to UK politicians from individuals with cryptocurrency assets.

To ask the Chancellor of the Exchequer, whether HMRC has issued guidance on whether a donation by an individual taxpayer of a (a) non-cash donation or (b) cryptocurrency to a political party or regulated donee creates a capital gains tax liability for the donor.

To ask the hon. Member for Blaenau Gwent and Rhymney, representing the House of Commons Commission, whether (a) guidance and (b) advice has been given to hon. Members on how to report and record political donations made to them in crypto-currencies.

To ask the Chancellor of the Exchequer, whether financial institutions handling Tether cryptocurrency are regulated in the UK.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, pursuant to the answer of 11 December 2025, to Question 97793, on Reform UK: Cryptocurrencies, from what date have political parties been required to declare to the Electoral Commission donations that have been made via a crypto-currency or as a crypto-asset.

To ask the Chancellor of the Exchequer, pursuant to the answer of 21 January 2026 to Question 105914 on Cryptocurrencies, whether the Tether cryptocurrency is audited by any UK body.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission plans to ask political parties and regulated donees to declare donations over £500 made by cryptocurrencies.

To ask the hon. Member for Blaenau Gwent and Rhymney, representing the House of Commons Commission, whether guidance has been provided to any hon. Members on receiving donations in the form of cryptocurrencies.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission has provided guidance on requirements for candidates for election to report cryptocurrency donations in their Representation of the People Act returns.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, whether the Electoral Commission would request information on the type of cryptocurrency used to make political donations when such donations are reported to the Commission.

To ask the Right hon. Member for Kenilworth and Southam, representing the Speaker's Committee on the Electoral Commission, pursuant to the Answer of 10 June 2025 to Question 56565 on Political Parties: Crypocurrencies, if he will publish the guidance on non-standard donations.

In terms of following the money, I am also very concerned by the push from the Treasury to make the UK an international, world-leading crypto hub. One thing we know about crypto is that it is designed not to be regulated. Although people will say that there is a log, so there is an audit trail for all the money, the regulators cannot see it and that is how it is designed. In my view, our regulators will therefore never be able to track the stuff through crypto, yet we seem to be saying that we want the UK to be a leading crypto finance centre. We should reconsider that.

The thing they all have in common is that they use a crypto-exchange platform called Binance, set up by a guy called Changpeng Zhao.

Reuters has investigated how those organisations used Binance to move money around totally anonymously between 2017 and 2021. Until 2021, this was regulated by the Financial Conduct Authority, but still for this crypto -exchange, which moved bitcoins and lots of other currencies totally anonymously for those enterprises —for those funding terrorism and other nefarious enterprises —all people needed to do in order to register an account was to enter an email address. That was all people needed to do. There were no “know your customer” checks, no “know your client” checks and no ID requirements. People just had to enter an email address, which could easily be a fake one, and the money was moved around totally anonymously.