The UK government has announced sweeping changes to its asylum system, eliminating automatic settlement rights and family reunification for refugees granted protection in Britain. Prime Minister Keir Starmer outlined the reforms ahead of his attendance at the European Political Community Summit in Copenhagen, where he will co-chair discussions on innovative approaches to tackling illegal migration. The fundamental policy shift represents the government's attempt to balance protection for genuine refugees with stronger border controls.

Under the new system, migrants granted asylum will no longer receive automatic resettlement rights or the ability to bring family members to join them in the UK. The government suspended new family reunion applications at the beginning of September as part of these changes, with Home Office figures showing almost 21,000 refugee family reunion visas were issued in the year to June 2025. The vast majority of these visas had been granted to women and children seeking to join family members already in Britain.

The reforms aim to create what the government describes as a "fairer system where the route to settlement should be longer, and be earned via contribution to the country." Prime Minister Starmer emphasized that "there will be no golden ticket to settling in the UK—people will have to earn it." The changes are designed to reduce what officials term "pull factors" that they believe encourage migrants to attempt dangerous Channel crossings rather than seek protection in other safe countries they pass through.

These policy announcements come alongside preparations for additional measures, including potential army-built migrant camps to replace costly hotel accommodations. Logistics teams with experience building barracks in war zones are developing plans to quickly establish facilities on government land. The government views providing less comfortable housing as a key deterrent to stopping record numbers of small boat crossings, with cross-government efforts being ramped up to close migrant hotels ahead of the previous 2029 deadline.

Swedish digital asset manager Virtune has launched what it claims is Europe's most cost-efficient Sui exchange-traded product (ETP) on Euronext Paris, marking another step in the company's expansion across European markets. The Virtune Sui ETP, with the ticker VRTU, provides investors with exposure to the Sui cryptocurrency through a regulated, physically backed investment vehicle. This launch comes as Virtune continues to build its position as one of the leading issuers of regulated crypto ETPs in Europe.

The new ETP features an industry-leading 0.95% annual management fee, making it the most cost-efficient Sui ETP available to European investors. Virtune plans to further expand the product's distribution by listing it on local German exchanges, including gettex and Tradegate, to improve accessibility for German investors. The company has established itself as a trusted provider in the digital asset space, serving over 150,000 investors since its launch just over two years ago.

Security and regulatory compliance remain central to Virtune's approach, with Coinbase serving as the crypto custodian for all of the company's ETPs. The underlying crypto assets are held in cold storage, providing institutional-grade security for investors. This infrastructure supports Virtune's commitment to offering European investors secure, transparent, and regulated access to digital asset markets through traditional investment channels.

Christopher Kock, CEO of Virtune, emphasized the company's mission to make innovative digital assets more accessible to investors. "We are excited to launch the most cost-efficient Sui ETP in Europe, reinforcing our mission to make innovative digital assets more accessible to investors," Kock stated. The launch strengthens Virtune's position as it manages more than $475 million in assets across its product offerings, continuing its growth trajectory in the European digital asset management landscape.