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A Tory MP has demanded to see safety reports for a barge that the government plans to use to house asylum seekers.

The Bibby Stockholm – which will accommodate 500 people waiting for decisions on their applications – departed from Cornwall on Monday to head to its new dock at Portland Port in Dorset.

But Chris Loder, who represents West Dorset, claimed the figure was double the capacity the barge had been designed to hold.

Mr Loder has called on the home secretary to “stop” the vessel or provide the assessments that show it is “safe to cope with double the weight that it was designed to bear”.

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The government has been seeking out new accommodation for asylum seekers, including those who cross the Channel in small boats, claiming the hotel bill to house them has hit £6m a day.

As well as the barge, it has taken over former military bases, and reports have even suggested large marquees could be used.

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But ministers have faced a backlash from local residents, councils and MPs if their areas have been chosen for the new sites.

Previously Richard Drax MP, a Conservative who represents South Dorset (including Portland), threatened the government with legal action over the barge.

Mr Loder, who has also spoken out against the Bibby Stockholm coming to his county, has now put pen to paper, writing to Home Secretary Suella Braverman and transport minister Baroness Vere with his concerns over the safety of the barge.

Dining facilities on board the Bibby Stockholm
Image:
Dining facilities onboard the Bibby Stockholm

“For months, I have been asking for sight of the safety risk assessments that should have been done to allow the Bibby Stockholm to be used in Portland Harbour with 500 people on board whilst it was designed for 250,” he wrote.

“The Bibby Stockholm has now left Falmouth Dock. But visibility or assurances that adequate safety risk assessments have been completed have not been received.”

The MP also claimed that following a call with the Maritime and Coastguard Agency, it was “clear they have also not undertaken that work, which we would typically expect them to do for a flagged vessel on water – which is what the Bibby Stockholm is”.

Mr Loder added: “I am writing to you this evening to ask that you either stop the Bibby Stockholm or that you provide the necessary safety risk assessments that confirm this vessel is safe to cope with double the weight that it was designed to bear.”

Facilities on board the Bibby Stockholm accommodation barge
Image:
There are also bedrooms onboard.

The move of the three-storey vessel is already a month behind schedule, after Ms Braverman told MPs it would be in Portland within a fortnight on 5 June.

The 222-bedroom vessel contains “basic” accommodation, with healthcare provision, catering facilities and 24/7 security, at a reported cost of £20,000 a day, the Home Office said back in May.

Dorset Council has been given £2m in a funding package to meet the cost of providing services to residents.

In a statement in response to Mr Loder’s concerns, the Home Office said: “We can confirm that Bibby Stockholm is now on its way to Portland Port.

“Using vessels as alternative accommodation, like our European neighbours are already doing, will be better value for British taxpayers and more manageable for communities than costly hotels.

“We continue to work extremely closely with local councils and key partners to prepare for arrival of asylum seekers later this month and minimise disruption for local residents including through substantial financial support.”

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Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

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Circle gets Abu Dhabi greenlight amid UAE stablecoin and crypto push

Stablecoin issuer Circle has secured regulatory approval to operate as a financial service provider in the Abu Dhabi International Financial Center, deepening its push into the United Arab Emirates.

In an announcement Tuesday, Circle Internet Group said it received a Financial Services Permission license from the Financial Services Regulatory Authority of the Abu Dhabi Global Market (ADGM), the International Financial Centre of Abu Dhabi. This allows the stablecoin issuer to operate as a Money Services Provider in the IFC.

The USDC (USDC) issuer also appointed Saeeda Jaffar as its managing director for Circle Middle East and Africa. The new executive also serves as a senior vice president and group country manager for the Gulf Operation Council at Visa and will be tasked with developing the stablecoin issuer’s regional strategy and partnerships.

Circle co-founder, chairman and CEO Jeremy Allaire said that the relevant regulatory framework “sets a high bar for transparency, risk management, and consumer protection,” adding that those standards are needed if “trusted stablecoins” are going to support payments and finance at scale.

UAE, Circle, Stablecoin
Source: Circle

Related: Abu Dhabi Investment Council triples stake in Bitcoin ETF in Q3: Report

Abu Dhabi awards a wave of licenses

The ADGM has recently awarded licenses for financial operations to a wave of crypto companies. Earlier this week, Tether’s USDt (USDT) — the largest stablecoin by circulation and Circle’s top competitor — secured a regulatory milestone in Abu Dhabi’s international financial center, as did Ripple’s dollar-pegged stablecoin Ripple USD at the end of November.

On Monday, crypto exchange Binance was granted three separate licenses from Abu Dhabi’s financial regulator, allowing it to operate its exchange, clearing house and broker-dealer services. This followed its competitor Bybit receiving regulatory approval in the UAE in early October.

Related: HSBC to bring tokenized deposits to US and UAE as stablecoin race heats up

UAE bets on crypto

The Central Bank of the UAE has been actively reviewing its cryptocurrency regulations. In November, it introduced rules for decentralized finance (DeFi) and the broader Web3 industry.

The newly introduced Federal Decree Law No. 6 of 2025 brings DeFi platforms, related services and infrastructure providers under the scope of regulations if they enable payments, exchange, lending, custody, or investment services, with licenses now required. Local crypto lawyer Irina Heaver said that “DeFi projects can no longer avoid regulation by claiming they are just code.”

Heaver told Cointelegraph at the end of 2024 that during that year the country cemented its status as a global crypto hub.

In October 2024, the UAE exempted cryptocurrency transfers and conversions from value-added tax, just a month after Dubai’s digital asset regulator announced stricter rules on crypto marketing. Around the same time, local free economic zone Ras Al Khaimah Digital Assets Oasis was also working to introduce a legal framework for decentralized autonomous organizations.

Local regulators were not shy about enforcing the rules, with Dubai’s Virtual Assets Regulatory Authority cracking down on seven unlicensed crypto businesses, issuing fines and cease-and-desist orders.

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