UAE authorities clarify: eligibility for golden visa issuance does not include digital currency investors

According to WAM, the Federal Identity, Citizenship, Customs and Port Security Authority (ICP), Securities and Commodities Authority (SCA), and Virtual Asset Regulatory Authority (VARA) of the United Arab Emirates have 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 stated that the issuance of the Golden Visa is based on a clear and officially approved framework and standards, which do not include digital currency investors. Those who meet the criteria include real estate investors, outstanding talents, etc. SCA reiterates that there are specific regulations for regulating finance and digital currency investment according to international standards, which are unrelated to the Golden Visa. Investors are reminded to obtain information from official channels. VARA also denies that Dubai has issued golden visas to virtual asset investors, urging investors to only cooperate with regulated companies and clarifying that TON company is not licensed for regulation. The three parties urge the public to be cautious and refer to official channels for information. Yesterday, it was reported that Toncoin has partnered with the United Arab Emirates to provide a 10-year golden visa to TON stakers.