UAE Authority Clarifies No Golden Visa Issuance For Crypto Investors

2025-07-06 11:29:03

(MENAFN- Khaleej Times)

Claims that UAE grants golden residency to cryptocurrency investors, circulating on some websites and social media platforms are false, authorities said.

The clarification was issued in a joint statement issued by Federal Authority for Identity and Citizenship, Customs and Ports Security (ICP); Securities and Commodities Authority (SCA); and Virtual Assets Regulatory Authority (Vara).

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The long-term residency is granted to specific categories which include real estate investors, entrepreneurs, outstanding talents, scientists, and specialists, top students and graduates, humanitarian pioneers, and frontline workers, ICP confirmed.

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Vara stated that any licensed“company” is required to strictly adhere to visa procedures set by the Dubai government, and that Ton is not licensed or regulated by the authority. This comes after a tweet on July 6 by Max Crown, CEO of the Ton foundation, who claimed that Ton holders have "the exclusive chance to secure a 10-year Golden Visa" after a one-time fee of $35,000 along with other conditions. Here's a screengrab of his tweet:

Vara confirmed that claims of granting golden residency to virtual asset investors in the Emirate of Dubai are false, and urged both investors and consumers to deal only with fully licensed and regulated companies.

Those investing in digital currency must obtain information from reliable sources to avoid being swayed by misleading or fraudulent claims, SCA said. Such investments are subject to clear regulations and is not linked to a Golden Visa, it added.

All three authorities called on the public and investors to get information from official sources, such as government websites or approved channels, and not to interact with unreliable advertisements or offers circulating online.

They added that those who wish to know details about the conditions of the Golden Residency can visit the ICP website.

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