French minister says migrants ‘attracted’ to UK job market as 27 people die in Channel crossing

Published

4 years ago

November 25, 2021

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The French interior minister said migrants are “often attracted” to the UK’s job market after 27 people died while attempting to cross the Channel.

Gerard Darmanin said that Britain, Belgium and Germany could do more to help France tackle illegal migrants and human trafficking issues.

In an interview with French radio station RTL he also said the sinking of a migrant boat was an “absolute tragedy”.

Pregnant woman among the dead amid fears smugglers will continue trafficking in the coming weeks – live updates

Mr Darmanin did not have further information about the circumstances of the boat’s capsizing, or the victims’ nationalities, but said the two survivors were Somali and Iraqi and had been treated for severe hypothermia.

He also said a fifth suspected people trafficker was arrested overnight and the boat used to cross the Channel was purchased in Germany and had a German vehicle registration.

“Those responsible for the tragedy which took place yesterday in the Channel are the smugglers, who for a few thousand euros promise Eldorado in England. The smugglers are criminals, this tragedy reminds us, painfully,” he said.

Five women and a girl were among the victims after their boat capsized in the water. One of the dead women was later reported to have been pregnant.

Two people were rescued and four people-smugglers have been arrested, Mr Darmanin has said.

The boat the which sank was very flimsy, likening it to “a pool you blow up in your garden”, he added.

Franck Dhersin, the vice president of transport for the northern Hauts-de-France region, told French TV station BFMTV that heads of human trafficking networks who live comfortable lives in the UK must be arrested.

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“In France what do we do? We arrest the smugglers…To fight them, there’s only one way – we need to stop the organisations, you need to arrest the mafia chiefs,” he said.

“And the mafia chiefs live in London… They live in London peacefully, in beautiful villas, they earn hundreds of millions of euros every year, and they reinvest that money in the City.

“And so it’s very easy for the tax authorities to find them”.

Politics

Securitize hires former PayPal exec as US tokenization gains traction

Published

3 hours ago

December 9, 2025

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Securitize hires former PayPal exec as US tokenization gains traction

Major tokenization platform Securitize has doubled down on its push to bring tokenized equity to US investors, naming a former PayPal executive as its new general counsel.

Securitize on Tuesday announced the appointment of ex-PayPal executive Jerome Roche, who led the company’s expansion into digital asset projects, including the PayPal USD (PYUSD) stablecoin.

Securitize also said its tokenized securities are already available to US investors, challenging the notion that most issuers prefer to offer such products abroad due to local stock access.

“There’s been a perception that tokenized securities must be offered primarily outside the US, but our experience shows the opposite,” Securitize CEO Carlos Domingo told Cointelegraph.

“Clear regulatory path” for tokenized stocks in the US

According to Securitize, operating real-world asset (RWA) tokenization offerings inside the US regulatory perimeter is “not only possible, but scalable, at institutional quality.”

“We’ve demonstrated that there is a clear regulatory path for issuers to natively tokenize assets for US investors,” Domingo said.

“These are not synthetic representations, or derivatives, but real securities onchain,” the CEO said, adding:

“We operate using SEC-regulated infrastructure, including a registered transfer agent broker-dealer, and fund admin, which allows US investors to access and legally hold tokenized securities in a fully compliant framework.”

Securitize’s optimistic outlook on the US tokenization comes days after the platform obtained regulatory approval to operate as an investment company and a trading ánd settlement system in the European Union on Nov. 26. According to the company, the approval positioned it as one of the first operators for regulated digital securities infrastructure in both the US and EU.

“For the first time, modern ledger technology is giving us the ability to record ownership, settle transactions, and move value in ways that are fundamentally better than the fragmented systems we’ve inherited,” Securitize’s newly appointed general counsel, Roche, said in the announcement.

“Innovation only works when it fits squarely within the guardrails of applicable law,” he added, underscoring Securitize’s global push for regulated tokenized securities.

Securitize’s news is another sign of the US warming to tokenization. On Monday, the Securities and Exchange Commission dropped its investigation into rival tokenization platform Ondo Finance.

Ondo said the decision marks a new chapter for tokenized securities in the US, where they are poised to become a “core part of the capital markets.”