July 8, 2025 | Dubai, UAE – The viral hearsay announcing the UAE’s highly anticipated golden visa for crypto investors has been rebuffed by the authorities in the UAE. The statement regarding clarification was given jointly by the Federal Authority for Identity and Citizenship, Customs and Ports Security (ICP), Securities and Commodities Authority (SCA), and Virtual Assets Regulatory Authority (Vara) after the speculation over the weekend.
In-Depth Context Of The Golden Visa For Crypto Investors Tweet
Over the weekend, Max Crown, CEO of the TON Foundation, used his X (formerly Twitter) account to announce the groundless claims on July 6. He announced publicly and claimed that the holders of Toncoin will now be able to secure the highly coveted UAE’s golden visa as it has been made open as a 10-year golden visa for crypto investors.
He said investors can gain premium access to a long-term residency by staking $35,000 worth of TON and meeting certain other requirements. Crown even went far enough to openly thank their partners in the UAE for their apparent support. However, none of the claims have been acknowledged or confirmed by any official UAE authority and have been dismissed as inaccurate by multiple reliable sources.
Response From The UAE Regarding The Rumours
Answering the growing rumours and confusion online, UAE authorities have formally denied any policy that grants a Golden Visa for crypto investors, including those involved with Toncoin. In a joint clarification, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) addressed the circulating rumours.
VARA clarified that any registered party offering services in the virtual currency space must follow the visa and residency guidelines set by the Dubai government. It also firmly mentioned that Toncoin is not a registered or regulated entity under VARA, rejecting the online claims backing a golden visa for crypto investors.
SCA has explained to the investors that virtual asset activity is governed by structured rules, and that obtaining long-term residency in the country does not correlate to investing in cryptocurrencies in any way. They firmly request that the public should cross-check and avoid any unauthorised offers or schemes, especially when they circulate on the internet.
All three institutes came together to deny the claims of a golden visa for crypto investors and also warned the residents, as well as potential investors, to first consult the official bodies, such as government websites or service channels that are registered. Reliance on unverified information can result in long-term losses or even legal trouble.
The Eligibility Criteria Given By The UAE Government
Following the last update in July 2025, the UAE has expanded its Golden Visa eligibility to several new professional categories. In addition to the last eligible groups of investors, entrepreneurs, researchers, and top-performing students, the updated list will now also recognise healthcare workers, outstanding educators, digital content creators, accredited e-sports professionals, and owners of luxury yachts. However, till now, UAE authorities have made no announcements regarding the opening of the golden visa for crypto investors.
Common Myths Regarding The UAE’s Golden Visa
- Golden Visa Grants You Automatic Citizenship: The UAE Golden Visa grants long-term residency, 5-10 years with options for renewal but it does not automatically confer citizenship.
- It Is Reserved Only For The Wealthy Elites: While certain categories, such as real estate investors, have high investment requirements, there are several options for people with modest financial means, especially since the update in 2025.
- Golden Visa Requires A Local Sponsor: UAE’s Golden Visa categories have been made sponsor-free, leading to more opportunities for the eligible ones.
- Golden Visa Makes Residency Mandatory: Golden Visa holders do not have to reside in the UAE for a specific number of days, and can reside across the border for an extended time without losing their residency.
The sensational misunderstanding of UAE’s golden visa for crypto investors makes it important that any information circulated online should be taken with a pinch of salt to avoid confusion and potential complications. Official claims should be verified only from the government-approved sources.
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