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Labour peer wrote to Treasury on behalf of crypto firm he advised

Questions over whether Iain McNicol was within lobbying rules when he wrote to civil servants about company that was paying for his advice

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A Labour peer who served on Keir Starmer’s frontbench wrote to the Treasury on behalf of a cryptocurrency firm that was paying him as an adviser, raising questions about whether this was within the rules.

Iain McNicol, 55, advised the Dubai- and Zurich-based Astra Protocol, a tech startup that launched a cryptocurrency token, which has plunged in value by 99.7% since its peak.

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