In response to an increasing disinformation circulating online, the United Arab Emirates (water) have officially specified that gold visas are not issued to cryptocurrency investors. The declaration, made by three key national regulation organizations, firmly refused complaints suggesting the opposite.The joint clarification was published by the Federal Authority for identity and citizenship, customs security and ports (ICP), Securities and Commodities Authority (SCA) and the Virtual Assets Reguulatory Authority (Vara).
The false complaints arouse the official denial
The declaration was invited to false reports on websites and social media platforms, which suggest that holders of virtual assets, in particular cryptocurrency, were eligible for the long-term golden residence visa of water.A specific assertion drew attention after Max Crown, CEO of Tone Foundation, tweeted on July 6 that TO’s holders had “the exclusive chance of guaranteeing a gold visa at 10 years” after paying punctual fees of $ 35,000, subject to other conditions. This statement quickly spread online, leading to the confusion between investors.Responding directly to these assertions, Vara said that your is not authorized or regulated by the authority. He also said that any approved “business” must strictly respect the visa procedures set by the Dubai government. Vara also confirmed that “the allegations of granting a gold residence to virtual asset investors in the emirate of Dubai are false” and urged the public to interact only with approved and regulated companies.
Who really qualifies for the Golden water visa ?
The ICP said that the long -term gold residence visa is only available for specific groups, such as:
- Real estate investors
- Entrepreneurs
- Exceptional talents
- Scientists and specialists
- Best students and graduates
- Humanitarian pioneers
- Front -line workers
- Superyacht owners: individuals with yachts of at least 40 meters
Crypto investors or virtual asset holders are not included in the official list of eligible categories.
Authorities urge prudence and verification
The Securities and Commodities Authority (SCA) has echoed the warnings, declaring that investments in digital currencies are governed by strict regulations and that “such investments are not linked to a golden visa”. The SCA has underlined the need for investors to rely on credible and official sources of information.The three authorities jointly advised the public to verify any information relating to benefits and visa privileges directly from official government websites or approved channels. They also strongly warned against advertisements or unreliable offers found online.Finally, for precise and up -to -date details on the conditions of gold residence, the public is encouraged to visit the official ICP website.
