UAE officials clarify: Cryptocurrency investors are not eligible for golden visas

Odaily News The UAE Federal Authority for Identity, Citizenship, Customs and Ports (ICP), the Securities and Commodities Authority (SCA) and the Virtual Asset Regulatory Authority (VARA) jointly issued a statement denying reports circulating on certain websites and social media platforms that the UAE is granting golden visas to digital currency investors. ICP said that the issuance of golden visas is based on a clear and officially approved framework and criteria, which does not include digital currency investors. Those who meet the conditions include real estate investors, outstanding talents, etc. SCA reiterated that financial regulation is in accordance with international standards, and digital currency investment has specific regulations and is not related to golden visas. Investors are reminded to obtain information from official channels. VARA also denied that Dubai issued golden visas to virtual asset investors, urged investors to only work with regulated companies, and clarified that TON is not licensed by it. The three parties called on the public to be cautious and refer to official channels for information. (WAM)
Earlier news, Toncoin cooperated with the UAE to provide 10-year golden visas to TON pledgers