UAE denies golden visas for crypto investorsThe Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) in the UAE have issued a joint statement denying rumours spread across websites and social media that claim the country is offering golden visas to cryptocurrency investors.

The ICP emphasised that golden visas are granted according to well-defined and officially approved criteria, which do not include digital currency investors.

Eligible recipients cover a range of groups, such as real estate investors, entrepreneurs, exceptional talents, scientists and specialists, top-performing students and graduates, humanitarian leaders, and frontline workers, Economy Middle East reports.

The SCA reiterated its commitment to adhering to internationally recognised standards in overseeing the UAE’s financial sector and securities services.

It highlighted that its regulations are focused on ensuring transparency, maintaining credibility, and boosting investor confidence both domestically and globally, in line with the UAE’s strategic objectives to attract high-quality capital and foster a sustainable investment climate.

The authority also confirmed that digital currency investments are regulated under specific rules and do not influence eligibility for golden visas. It urged investors to rely on trustworthy, official sources for information to prevent misinformation or potential scams.

Likewise, VARA rejected claims about granting golden visas to virtual asset investors in Dubai. It strongly encouraged investors and consumers to deal exclusively with fully licensed and regulated firms for all virtual asset services and investments.

VARA also reiterated its dedication to upholding the highest risk management standards, highlighting its close cooperation with the SCA and other federal and local law enforcement agencies.

This partnership ensures a secure operating environment with consumer protection as a top priority. VARA emphasised that licensed companies must strictly adhere to the visa procedures set by the Government of Dubai and relevant federal authorities. It also clarified that the company TON is neither licensed nor regulated by VARA.

Furthermore, the three authorities jointly urged the public and investors to remain vigilant, advising them to consult official government websites and authorised communication channels for reliable information.