UAE denies granting golden visa to cryptocurrency investors

The Securities and Commodities Authority reiterated its commitment to internationally recognized standards for regulating the UAE's financial and securities sectors. Its procedures are designed to ensure transparency and credibility, thereby boosting investor confidence both locally and globally.

The SCA emphasized that investment in digital currencies is governed by established legal frameworks and is not linked to Golden Visa eligibility. It warned the public against misleading information and encouraged reliance on official sources. 

VARA confirms misinformation on Golden Visa claims

The Virtual Assets Regulatory Authority (VARA) confirmed that recent claims suggesting Golden Visas are being granted to virtual asset investors in Dubai are false.

VARA urged investors and consumers to interact only with entities that are fully licensed and regulated for virtual asset-related services and investments. The authority highlighted its commitment to high standards of risk assurance and noted its active cooperation with the SCA and law enforcement bodies to protect consumers.

TON not licensed or regulated by VARA

VARA clarified that any entity licensed under its jurisdiction must adhere to the official visa procedures set by the Government of Dubai and federal authorities. It specifically noted that the company “TON” is neither licensed nor regulated by VARA.

Public urged to rely on official sources

In conclusion, the three federal entities called on the public and investors to remain vigilant and consult only official sources—such as government websites or authorized platforms—for accurate information regarding the Golden Visa.

They warned against engaging with unverified online advertisements or offers. For verified details on Golden Visa eligibility, individuals are advised to visit the ICP’s official website: www.icp.gov.ae