Political Parties: Cryptocurrencies
The question
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.
Answered by Nick Smith
The House of Commons Commission does not have responsibility for the registration of Members’ Financial Interests.
Guidance on the registration of donations is set out in paragraphs 14 to 20 of Chapter 1 of the Code of Conduct and Guide to the Rules relating to the Conduct of Members. The Code does not make specific reference to crypto-currencies.
The Code and Guide form a House-approved document Code of Conduct and Guide to the Rules. The Committee on Standards is responsible for overseeing its policy and development, and there is a quinquennial cycle of review overseen by that Committee, with recommendations for revision and re-issue being made to and approved by the House. The Parliamentary Commissioner for Standards advises the Committee on its review.
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