Home Secretary Shabana Mahmood plans to impose Trump-style visa bans on three African countries if they fail to take back illegal migrants as part of “sweeping reforms” of the UK’s immigration system.
Angola, Namibia and the Democratic Republic of Congo will face visa sanctions, blocking their tourists, VIPs and business people from travelling to Britain if they do not improve co-operation on removals.
Ms Mahmood said: “In Britain, we play by the rules. When I said there would be penalties for countries that do not take back criminals and illegal immigrants, I meant it.
“My message to foreign governments today is clear: accept the return of your citizens or lose the privilege of entering our country.”
The move was reportedly inspired by President Trump’s homeland security secretary, Kristi Noem, who has overseen the mass deportation policy in the US, according to The Times.
Ms Mahmood will address the House of Commons today to lay out “the most sweeping reforms to tackle illegal migration in modern times”, effectively since the Second World War.
Modelled on the Danish system, the aim is to make the UK less attractive for illegal immigrants and make it easier to deport them.
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Under the plans, the home secretary will bring forward a bill to change how article 8 of the European Convention on Human Rights (ECHR), the right to family life, is applied in migration court cases.
The Home Office has said it’s seen a rise in the use of rights-based appeals in recent years as a means of avoiding deportation.
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‘Illegal migration is creating division across UK’ – Shabana Mahmood
The changes would see only those with immediate family in the UK, such as a parent or child, being able to use article 8 in future.
The home secretary, who has been in the job for 73 days, also plans to change the law so that multiple attempts to appeal against refusals for asylum will no longer be allowed.
Furthermore, refugees would face a 20-year wait before they can apply for permanent settlement.
The Home Office said the “golden ticket” deal has seen asylum claims surge in the UK, drawing people across Europe, through safe countries, on to dangerous small boats.
Under the proposals, refugee status would become temporary and subject to regular review, with refugees removed once their home countries are deemed safe.
Housing and weekly allowances would also no longer be guaranteed.
Mahmood is new hard woman of British politics – and potential successor to Starmer
We’re told that Shabana Mahmood, the still new home secretary, is “a woman in a hurry”.
She’s been in the job for 73 days – and is now announcing “the most sweeping reforms to tackle illegal migration in modern times” – effectively since the Second World War.
Her language is not just tough – it’s radical. Not what you’d have expected to hear from a Labour home secretary even just a few months ago.
“Illegal migration”, she believes, “is tearing our country apart. The crisis at our borders is out of control”.
Her team argues that those never-ending images of people crossing the Channel in small boats have led to a complete loss of faith in the government’s ability to take any action at all – let alone deliver on its promises.
The political reality is that successive failures of Tory and Labour ministers have fuelled the inexorable rise of Reform.
A new independent body – similar to one in Denmark – is planned to fast-track the removal of dangerous criminals, and last-minute appeals would be expedited.
Ms Mahmood has denied that her plans are “racist”, instead describing them as a “moral mission”.
She said illegal immigration was causing “huge divides” in the UK, adding: “I do believe we need to act if we are to retain public consent for having an asylum system at all.”
What measures is the home secretary set to announce?
Refugee status will become temporary and subject to regular review – with people facing removal as soon as their home countries are deemed safe
Asylum seekers will face a 20-year wait before they can apply for permanent settlement
New safe and legal routes to be introduced for those genuinely fleeing war and persecution
Changes to the legal framework that will require judges to prioritise public safety over migrants’ rights to a family life – amid fears that Article 8 of the European Convention on Human Rights has been used to frustrate removals
Using facial age estimation technology, a form of AI ,to rapidly assess a person’s age in a bid to deter people who pretend to be children in an attempt to claim asylum
Capped work and study routes for refugees will also be created
Speaking on Sunday Morning with Trevor Phillips, Ms Mahmood said she had observed how illegal migration had been “creating division across our country”.
She added: “I can see that it is polarising communities across the country. I can see that it is dividing people and making them estranged from one another. I don’t want to stand back and watch that happen in my country.”
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Govt ‘lacks empathy and understanding’ for refugees
Prime Minister Sir Keir Starmer said: “Britain has always been a fair, tolerant and compassionate country – and this government will always defend those values.
“But in a more volatile world, people need to know our borders are secure and rules are enforced. These reforms will block endless appeals, stop last-minute claims and scale up removals of those with no right to be here.”
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Anti-asylum seeker protest in East Sussex
Conservative Party leader Kemi Badenoch welcomed Ms Mahmood “finally talking seriously about tackling illegal immigration”, but called the plans “weak”.
She said: “If the home secretary actually wants to cut illegal immigration, she should take up my offer to sit down with her and work on a plan that will actually stop the boats, rather than a few weak changes that will meet the approval of Labour MPs.”
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‘Mahmood’s own MPs calling her racist’ – Zia Yusuf
Speaking earlier on Sunday, Reform UK leader Nigel Farage said: “The home secretary sounds like a Reform supporter.”
“Sadly with the Human Rights Act and ECHR membership, the changes won’t survive the courts or probably even her own backbenchers,” he added.
The Refugee Council warned that the government would accrue a cost of £872m over 10 years as a result of the need to review asylum seekers’ status to remain in the UK.
Enver Solomon, the charity’s chief executive, insisted the changes “will not deter people from making dangerous crossings, but they will unfairly prevent men, women and children from integrating into British life”.
Latest Home Office figures show 39,075 people have arrived in the UK after crossing the English Channel in small boats so far this year.
The arrivals have already passed the number for the whole of 2024 (36,816) and 2023 (29,437), but the number is below the total for 2022 (45,774).
Traditional financial markets are moving rapidly onchain as the US Securities and Exchange Commission chair doubled down on the idea of an “innovation exemption” to accelerate tokenization.
“U.S. financial markets are poised to move on-chain,” wrote Paul Atkins, chair of the SEC, in a Friday X post, adding that the agency is “embracing new technologies to enable this onchain future.”
His comments come shortly after the SEC issued a “no action” letter to a subsidiary of the Depository Trust and Clearing Corporation (DTCC), enabling it to offer a new securities market tokenization service.
The DTCC plans to tokenize assets, including the Russell 1000 index, exchange-traded funds tracking major indexes and US Treasury bills and bonds, which Atkins called an “important step towards onchain capital markets.”
“On-chain markets will bring greater predictability, transparency, and efficiency for investors,” he said.
However, the green light for the DTCC’s pilot is only the beginning, as the SEC will consider an innovation exemption to enable builders to start “transitioning our markets onchain,” without being burdened by “cumbersome regulatory requirements,” added Atkins.
Atkins pledged to encourage innovation as the industry moves toward onchain settlement, which would mean settling transactions on a blockchain ledger, removing intermediaries, enabling 24/7 trading and faster transaction finality.
Cointelegraph has contacted the SEC for comment on the details and timeline of an innovation exemption for tokenization.
Atkins first proposed an innovation exemption for tokenization during his remarks at the Crypto Task Force Roundtable on DeFi on June 9.
The SEC’s no-action letter means that the agency won’t take enforcement action if the DTCC’s product operates as described. The DTCC provides clearing, settlements and trading services as one of the most important infrastructure providers for US securities.
Asset tokenization involves minting tangible assets on the blockchain ledger, offering more investor access through fractionalized shares and 24/7 trading opportunities.
DTCC pilot and RWA builders push more TradFi onchain
Crypto analysts have praised the SEC’s move to allow the DTCC’s new market tokenization service, which will award tokenized assets the same entitlements and investor protection mechanisms as traditional assets.
“Not sure people fully appreciate how quickly financial markets are heading towards full tokenization… Moving even faster than I expected,” wrote ETF analyst Nate Geraci, in a Friday X post.
Over the past few months, the SEC issued two no-action letters: one for a Solana-based decentralized physical infrastructure network (DePIN) project, and a second no-action letter in September that allowed investment advisers to use state trust companies as crypto custodians.
Meanwhile, crypto projects continue to raise funds to build the infrastructure necessary for tokenized onchain markets.
On Tuesday, asset tokenization network Real Finance closed a $29 million private funding round to build an infrastructure layer for real-world assets (RWAs) that can boost institutional participation.
Crypto exchange Binance has added new features to its application programming interface (API), indicating that the platform is preparing to introduce stock trading capabilities.
Binance’s changelog notes that on Thursday, the exchange introduced three new API endpoints, one of which — with a URL including stock/contract — allows users to “sign [a] TradFi-Perps agreement contract.” The two other endpoints introduced on the same day allow users to query “trading session schedules for a one-week period” or “current trading session information.”
Together, this suggests that Binance is planning to introduce perpetual futures trading on its platform. The existing trading schedule endpoints also suggest trading will likely occur in sessions, as in traditional finance, rather than following crypto’s 24/7 nature.
Binance’s initiative follows a series of similar efforts by players in both traditional and crypto finance, taking stock tokenization out of the fringes of finance. Friday reports indicate that top US-based crypto exchange Coinbase is days away from unveiling its push into tokenized stocks and prediction markets.
However, not everyone is enthusiastic about how stock tokenization is being rolled out. Market maker Citadel Securities caused an uproar earlier this month when it recommended that the US Securities and Exchange Commission tighten regulations on tokenized stock trading on decentralized finance (DeFi) platforms.
According to the market maker, DeFi developers, smart-contract coders and self-custody wallet providers should not be given “broad exemptive relief” for offering trading of tokenized US equities. Citadel argued that DeFi platforms likely fall under the definitions of an “exchange” or “broker-dealer” and should be regulated under securities law.
It also claimed that allowing those platforms to operate free from regulations “would create two separate regulatory regimes for the trading of the same security.” The World Federation of Exchanges (WFE) also argued in late November that the SEC shouldn’t grant broad regulatory relief to companies launching tokenized stock offerings.
The WFE said tokenization “is likely a natural evolution in capital markets” and that it was “pro-innovation.” Still, the organization argued that it “must be done in a responsible way that does not put investors or market integrity at risk.”
The comments followed tokenized stocks making their way not only to centralized crypto exchanges, but also to the DeFi ecosystem. At the end of June, more than 60 tokenized stocks had launched on Solana-based DeFi platforms as well as on crypto exchanges Kraken and Bybit.
Other traditional finance players appeared to follow the “if you can’t beat them, join them” approach to the issue.
Last month, Nasdaq’s head of digital assets strategy, Matt Savarese, said the stock exchange is making SEC approval of its proposal to offer tokenized versions of stocks listed on the exchange a top priority.
The race intensified after the SEC was reported to be developing a plan to allow blockchain-registered versions of stocks to trade on cryptocurrency exchanges by the end of September.
SEC Chair Paul Atkins recently described tokenization as an “innovation” the agency should seek to advance, not restrict. The SEC issued a “no-action” letter Thursday to a subsidiary of the Depository Trust and Clearing Corporation that specializes in tokenizing securities, indicating that the regulator intends to allow the company to offer a new securities market tokenization service.
The United Arab Emirates is not choosing between Bitcoin and broader crypto. Instead, it is deliberately building both, in different cities and for different stages of adoption.
Abu Dhabi, the capital of the UAE, has positioned itself as a hub for Bitcoin (BTC)-focused institutional infrastructure, emphasizing custody, over-the-counter (OTC) liquidity, mining and regulated capital markets. Dubai, by contrast, has built a broader crypto economy that spans payments, stablecoins, Web3 apps, gaming, tokenization and consumer-facing products.
While this shows a distinction, industry participants noted that it reflects a layered strategy and not fragmentation. “The two approaches are complementary,” said Gregg Davis, producer of Bitcoin MENA, the largest Bitcoin-focused event in the UAE.
“A broad digital-asset ecosystem naturally directs attention toward the most secure and time-tested asset — Bitcoin. Together, they create a diverse and dynamic market across the UAE,” Davis told Cointelegraph.
Dubai’s ecosystem maximizes participation and real-world usage, according to Matthias Mende, co-founder of the Dubai Blockchain Center and the founder of the Web3 social verification platform Bonuz.
“In simple terms, Abu Dhabi is building ‘crypto Wall Street,’ while Dubai is building the place where people actually use this technology every day,” Mende said.
Michael Saylor at the Bitcoin MENA event. Source: Cointelegraph
Abu Dhabi’s Bitcoin-first institutional thesis
Davis argued that Abu Dhabi’s strategy is rooted in a clear distinction between Bitcoin and the broader crypto landscape.
“Abu Dhabi has done the work to understand that Bitcoin stands apart from the broader digital-asset landscape,” Davis said. “Much of what falls under ‘Web3’ remains speculative or built around problems that may not need solving.”
According to Davis, the intent to position Abu Dhabi as a center for institutional Bitcoin is already visible.
“Major entities in Abu Dhabi gaining exposure to Bitcoin is a strong signal of long-term conviction,” he told Cointelegraph. He added that clearer regulatory pathways and public-sector support have made the emirate attractive for Bitcoin-native firms.
Recent developments back up this institutional Bitcoin thesis. Abu Dhabi has emerged as a focal point for large-scale, regulated Bitcoin activity, underscored by the launch of the Bitcoin MENA 2025 event, which brought institutional investors, miners and infrastructure providers to the emirate to discuss custody, mining and treasury strategies.
While Abu Dhabi focuses on institutional rails, Dubai has taken a broader approach, designing a regulatory environment intended to support entire industries built on top of digital assets.
“Dubai is trying to build the full crypto economy around that,” Mende told Cointelegraph. “Consumer apps, brands, payments, gaming, creators and tokenization.”
He told Cointelegraph that the convergence of stablecoins, tokenized real-world assets (RWAs) and consumer-facing apps created a new economic layer that goes beyond trading.
“Stablecoins will be the visible part — simple ‘scan, tap, pay’ flows — while RWAs bring serious institutional capital onchain,” Mende said, adding that blockchain-based digital IDs, non-fungible tokens (NFTs), vouchers and tickets make the whole system human-centric and “useful for daily life.”
Dubai’s regulatory clarity has been a major enabler of the crypto economy vision. “The biggest enabler is clarity,” Mende said. “Founders know which activities are regulated, what license they need and which rulebook they fall under, so they can design products and token models with a clear path.”
That clarity, however, does not eliminate all friction. Mende told Cointelegraph that challenges remain at the interface with traditional finance, particularly banking and fiat on- and off-ramps, and in more experimental areas such as decentralized finance and DAOs, where frameworks are still evolving.
As Dubai’s crypto economy develops, multiple industry leaders point to payments and stablecoins as the first area of durable, real-world adoption.
“Payments and stablecoin infrastructure will lead because they solve a universal and urgent problem: cross-border settlement that is slow, expensive and fragmented,” Patrick Ngan, the chief investment officer at Zeta Network Group, told Cointelegraph.
According to Ngan, regulatory clarity provides financial institutions with the confidence to integrate digital settlement rails directly into commerce. “Once those rails are in place, volume follows,” he said. “That is where the first durable, real-world adoption will appear.”
SingularityDAO founder Marcello Mari echoed the sentiment. He said that stablecoins are already more embedded in everyday activity than many outside the region realize.
“In Dubai, USDT and USDC are actually used more than you think — for rent, remittances, real estate and service payments,” Mari said. “Gaming and Web3 creators will follow, but stablecoins are the first bridge to real-world utility.”
Apart from crypto-native companies, stablecoins have caught the attention of mainstream companies in the UAE. On Thursday, state-owned telecom giant e& announced that it’s preparing to test a dirham-backed stablecoin for bill payments.
However, both Ngan and Mari said that while regulatory clarity exists, operational timelines and banking relationships remain the biggest bottlenecks. “The rules are clear, but the process requires patience and strong operational discipline,” Ngan said.