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MPs and peers could be forced to submit to criminal record checks under proposals submitted by a new Labour MP.

In a letter seen by Sky News, Jo White urged the leader of the Commons to examine whether a new committee set up to modernise parliament should force all new members to have checks due to their access to young and vulnerable people.

She suggests in-depth background checks by the Disclosure and Barring Service – commonly known as DBS checks – as the initial stages of introducing MPs to parliament.

Candidates are currently banned from running to be an MP if they have been jailed for more than a year in the UK.

However, there is no requirement for DBS checks, something most other jobs require when applying for positions working with vulnerable people.

Ms White previously submitted an early-day motion on this issue, with cross-party signatures including 13 other Labour MPs supporting her motion.

In her letter to the committee, the Bassetlaw MP writes: “It is a privilege that, as parliamentarians, we can work with local schools, care homes and hospitals, but we must be proactive in preserving this trust.

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“Implementing a mandatory check would protect both the people we visit and ourselves. It would be key to maintaining public trust and high workplace standards across the estate and in our constituencies.”

DBS checks are standard practices for GPs, nurses, teachers and other professions. They let potential employers know if a candidate has a criminal record or is banned from working with children or vulnerable adults.

Many local authorities already run DBS checks on elected officials but it’s not standard practice in parliament.

Prospective MPs can stand for election despite having a criminal record or appearing on the child-barred list or adult-barred list unless they have served a prison term over 12 months.

In fact, they do not need to disclose any criminal behaviour to the public prior to becoming a candidate.

The main vetting process before entering the House of Commons is done through political parties, who set their own rules for carrying out any such checks.

MP James McMurdock (right) was convicted of assaulting his then girlfriend in 2006. Pic: PA
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MP James McMurdock (right) was convicted of assaulting his then girlfriend in 2006. Pic: PA

None of the Reform UK MPs have signed the early-day motion and leader Nigel Farage said last election there was “no vetting” of candidates.

This has already caused some controversy.

One Reform MP, James McMurdock, was jailed 19 years ago for repeatedly kicking his then girlfriend, according to court documents disclosed by The Times.

The South Basildon and East Thurrock MP attacked her in 2006 while drunk outside a nightclub and spent 21 days in a young offenders’ institution.

He had not publicly disclosed the conviction and described it as a “teenage indiscretion” when asked about the incident last year.

Under new rules, new MPs might have to fully disclose their criminal past.

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The creation of a modernisation committee was a Labour manifesto promise and now sits as a cross-party group tasked with reforming House of Commons procedures and improving standards.

The committee said it would not be commenting on submissions until it’s had time to fully consider all options, but is due to publish an initial report early this year.

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Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

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Bitcoin Policy Institute reps sound alarm on de minimis tax exclusion

Representatives of the Bitcoin Policy Institute (BPI), a nonprofit Bitcoin advocacy organization, warned that US lawmakers have not included a de minimis tax exemption for Bitcoin transactions below a certain threshold.

“De Minimis tax legislation may be limited to only stablecoins, leaving everyday Bitcoin transactions without an exemption,” Conner Brown, BPI’s head of strategy, said on X, adding that the decision to exclude Bitcoin (BTC) is a “severe mistake.”

In July, Wyoming Senator Cynthia Lummis introduced a bill proposing a de minimis tax exemption for crypto transactions of $300 or less, with a $5,000 annual limit on tax-free transactions and sales.

The bill proposal also included tax exemptions for digital assets used for charitable donations and tax deferment for crypto earned through mining proof-of-work (PoW) protocols or staking to secure blockchain networks.

Allowing a tax exemption for small Bitcoin transactions would increase its use as a medium of exchange rather than just as a store of value asset, allowing a new financial system built on a Bitcoin standard, BTC advocates say.

Bitcoin Regulation, Cash
Source: Conner Brown

The discussion around de minimis tax exemptions has also raised questions about whether such relief should apply to stablecoins, which are designed to maintain a stable value.

“Why would you even need a De Minimis tax exemption for stablecoins,” Marty Bent, founder of media company Truth for The Commoner (TFTC), wrote on X. “They don’t change in value. This is nonsensical.”

Cointelegraph reached out to BPI about the proposed legislation, but had not received a response at time of publication. 

Related: Japan’s new crypto tax could wake ‘sleeping giant’ of retail investors

Bitcoin is gaining value, but it isn’t being used as peer-to-peer electronic cash

The Bitcoin white paper, authored by its pseudonymous creator Satoshi Nakamoto in 2019, describes Bitcoin as a “peer-to-peer electronic cash system.”

However, relatively high transaction fees, average block times of about 10 minutes, and capital gains taxes on Bitcoin stifle BTC’s use as a payment method for goods and services.

Many Bitcoin investors choose to hold BTC for the long term, sometimes borrowing fiat currency against their BTC holdings to pay expenses and fund everyday purchases.

Bitcoin Regulation, Cash
The Bitcoin white paper was published by Satoshi Nakamoto in 2009. Source: Satoshi Nakamoto Institute

The Bitcoin Lightning Network is a second-layer protocol designed for BTC payments, which works by locking a specific amount of BTC in a payment channel between two or more people.

Users connected through a payment channel can conduct multiple transactions offchain, with only the final net balance recorded on the Bitcoin ledger for settlement once the channel is closed.

This makes Bitcoin transactions faster and cheaper, as the users in the payment channel do not have to wait for new blocks to be mined or pay a network fee for each transaction between parties in the channel.

Magazine: The one thing these 6 global crypto hubs all have in common…