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Mike Martin
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Stance from 2026-03-02
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Quoted from hansard.parliament.uk on 2026-03-02

Secondly, there are the issues around cryptocurrency, as other hon. Members have already raised. This is a frontier that is moving incredibly fast. On one hand, cryptocurrency has blockchain, so it is possible to look at the ledger to see where donations have come from. On the other hand, with multiple different cryptocurrencies, the ability to move funds in and out of cryptocurrencies in different jurisdictions on crypto exchanges that are held in jurisdictions with which we do not have good relationships, and the ability to use AI to split large donations into tiny donations, spread them out across hundreds of different crypto exchanges and cryptocurrencies, and then reform them into microdonations, this frontier is moving incredibly fast and we do not understand it. For that reason, the Chair of the Committee wrote to the Secretary of State last week asking for a moratorium on cryptocurrencies, and I urge the Government to look into the issue—

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