UAE Authorities Refute Claims of Golden Visa for Cryptocurrency Investors

According to PANews, the United Arab Emirates' Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) have jointly issued a statement denying reports circulating on certain websites and social media platforms about granting golden visas to digital currency investors. The ICP clarified that the issuance of golden visas follows a clear and officially approved framework and standards, which do not include digital currency investors. Eligible recipients are typically real estate investors and individuals with exceptional talents. The SCA reiterated its commitment to regulating financial activities according to international standards, emphasizing that digital currency investments are governed by specific regulations unrelated to the golden visa program. Investors are advised to seek information from official channels. Similarly, VARA denied claims that Dubai offers golden visas to virtual asset investors and urged investors to collaborate only with regulated companies. VARA also clarified that the TON company is not licensed under its regulatory framework. The three authorities collectively called on the public to exercise caution and rely on official sources for accurate information. This statement follows previous reports about a collaboration between Toncoin and the UAE to offer 10-year golden visas to TON stakers.