UAE Authorities Officially Deny Golden Visa Eligibility for Cryptocurrency Investors
New Delhi, July 7, 2025 — In response to widespread misinformation circulating online, the United Arab Emirates (UAE) government has categorically denied claims that cryptocurrency investors qualify for the country’s coveted Golden Visa program. This official clarification was jointly issued by three prominent national regulatory bodies, putting an end to the confusion spreading among virtual asset holders and the wider investment community.
Misinformation Sparks Government Response
Recent weeks saw false reports on various websites and social media, suggesting that holders of digital assets, particularly cryptocurrency investors, could secure the UAE’s long-term Golden Residency visa. The rumors gained particular traction after Max Crown, CEO of the Ton Foundation, tweeted on July 6, 2025, declaring that Ton coin holders had “the exclusive chance to secure a 10-year Golden Visa” upon payment of a one-time fee of $35,000 and meeting other unspecified conditions.
This announcement prompted a swift reaction from UAE regulatory authorities, who moved to clarify that these claims have no official basis and are misleading.
Regulatory Bodies Issue Joint Statement
The Federal Authority for Identity and Citizenship, Customs and Ports Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) collaborated on a joint statement, reaffirming that Golden Visas are not available to cryptocurrency investors.
VARA specifically addressed the claims involving the Ton coin, stating that the Ton Foundation is neither licensed nor regulated by the authority. It emphasized that all virtual asset firms must comply with Dubai government visa procedures and that “claims of granting golden residency to virtual asset investors in the Emirate of Dubai are false.” The authority further urged the public only to engage with licensed and regulated companies when dealing with virtual assets.
The SCA highlighted that while digital currency investments are overseen by strict regulatory frameworks, these investments do not confer any Golden Visa privileges. It underscored the importance of relying exclusively on credible and official sources for information.
Who Is Eligible for the UAE Golden Visa?
The ICP clarified that the long-term Golden Residency visa is strictly reserved for select categories of expatriates who contribute significantly to the country’s development or strategic goals. Eligible groups include:
- Real estate investors
- Entrepreneurs
- Outstanding talents in various fields
- Scientists and specialized professionals
- Top students and university graduates
- Humanitarian pioneers
- Frontline healthcare and emergency workers
- Owners of superyachts measuring 40 meters or more
Importantly, the list does not include cryptocurrency investors or holders of virtual assets.
Authorities Urge Public Vigilance
All three authorities strongly advised the public to exercise caution and verify any information related to investment benefits or visa entitlements directly from official government channels, such as the ICP’s official website. They warned against falling prey to unverified advertisements and misleading offers commonly found on social media and unregulated websites.
About the Author
TOI World Desk is a team of experienced journalists and writers committed to delivering accurate and comprehensive global news. They strive to keep readers informed with timely updates and insightful analysis on international affairs.
For up-to-date information on UAE Golden Visa eligibility and related investment policies, please visit the Federal Authority for Identity and Citizenship’s official website.
Reported by TOI World Desk
Published on July 7, 2025