Golden Visa dreams dashed for crypto investors.
Recent reports that holders of the cryptocurrency Toncoin can obtain the UAE’s prestigious Golden Visa have been strongly rejected by Emirati officials.
In a joint statement issued by 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), officials clarified that the Golden Visa is only available to specific categories such as real estate investors, entrepreneurs, outstanding talents, scientists, top students, humanitarian pioneers, and frontline workers. Digital currency investors are not included in these categories.
Max Crown’s claim
The denial comes after social media posts by Max Crown, CEO of the Ton Foundation, who claimed that Toncoin holders could secure a 10-year UAE Golden Visa by staking TON and paying a one-time fee of $35,000.
‘Ton is not licensed’
Officials have maintained that these claims are false. Vara emphasized that Ton is not licensed or regulated by their agency, and any licensed company must follow official Dubai government visa procedures.
The SCA further warned investors to rely only on information from official government sources and to avoid misleading or fraudulent offers circulating online.
The agencies reiterated that digital asset investments are subject to strict regulations and are not linked to the Golden Visa program.
For accurate information on Golden Visa eligibility and requirements, authorities advised the public to consult the official ICP website or other approved government channels.
