UAE official clarification: Digital currency investors do not qualify for golden visa

According to Foresight News, the UAE Federal Identity, Citizenship, Customs and Port Security Agency (ICP), Securities and Commodity Administration (SCA) and Virtual Assets Regulatory Authority (VARA) jointly issued a statement saying that reports circulating on certain websites and social media platforms about the UAE granting golden visas to digital currency investors is false news. The issuance of golden visas is based on clear and officially approved frameworks and standards, which do not include digital currency investors. Eligible persons include real estate investors, outstanding talents, scientists and experts, top students and graduates, humanitarian pioneers and front-line workers. The SCA reiterates that finance is regulated according to international standards, and digital currency investment has specific regulations and has nothing to do with golden visas, reminding investors to obtain information from official channels. VARA also denied Dubai issued a golden visa to virtual asset investors, urging investors to work only with regulated companies and clarified that TON is not regulated by its license. The three parties call on the public to be cautious and obtain information by referring to official channels.

Previously, TON announced a cooperation with the UAE to provide the UAE "Golden Visa" to qualify TON token pledgers with a validity period of up to 10 years. According to the TON website, users only need to pay a one-time handling fee of $35,000 to obtain a 10-year golden visa, and they need to pledge $100,000 in TON for a period of 3 years.

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