The UAE confirms that it does not grant golden visas to cryptocurrency investors according to recent circulating information.
The official agencies of the UAE, including ICP, SCA, and VARA, have denied rumors about granting golden visas to cryptocurrency investors, emphasizing that only fields such as real estate and outstanding talent are allowed. Investors are advised to trust only information from official channels.
MAIN CONTENT
The UAE does not grant golden visas to cryptocurrency investors under the current legal framework.
ICP, SCA, and VARA affirm that the golden visa granting process is strict according to official standards.
Cryptocurrency investors should work with regulated companies and monitor information from official sources.
Does the UAE really grant golden visas to cryptocurrency investors?
According to statements from the ICP, SCA, and VARA UAE, information suggesting that cryptocurrency investors are granted golden visas is inaccurate and not based on legal grounds.
ICP emphasizes that the granting of golden visas is based on clear standards that have been officially approved, not extended to cryptocurrency investors. Eligible subjects include real estate investors and outstanding talent individuals. SCA also affirms that financial supervision complies with international standards, with specific regulations for cryptocurrency investment, unrelated to golden visas. VARA warns that investors should cooperate with licensed enterprises and denies that TON is managed by them.
The granting of golden visas only applies to strictly regulated fields and subjects, excluding cryptocurrency investors. Investors need to be cautious and only obtain information from official channels.
Representative of ICP UAE, speaking on July 7, 2024
Why do UAE agencies deny granting golden visas to cryptocurrency investors?
UAE authorities implement the golden visa granting process according to international standards and strict criteria to ensure transparency and sustainability, excluding high-risk fields such as cryptocurrency that are highly volatile.
The UAE is a rapidly developing financial market with strict regulation from ICP, SCA, and VARA. SCA states that financial supervision is conducted in accordance with international standards, and cryptocurrency investment management is very specific and unrelated to golden visas. Meanwhile, VARA advises to only cooperate with licensed companies, tightly controlling cryptocurrency activities within UAE territory.
Our regulations aim to protect investors and enhance the reputation of the UAE market, where the granting of golden visas does not include cryptocurrency investors under current regulations.
Mr. Saeed Al Ghaith, Director of VARA, 7/2024
How can cryptocurrency investors ensure safety when participating in the UAE market?
Investors are recommended to only collaborate with licensed companies and keep updated information from the official channels of ICP, SCA, and VARA to avoid unnecessary legal risks.
Compliance with regulations helps protect assets and minimize the risks of fraud or scams in the rapidly growing cryptocurrency market in the UAE. This also reflects the importance of transparent and responsible digital asset management.
Illustrative examples of differences in the golden visa granting process
Subject Conditions for granting golden visas Scope of authority Related to cryptocurrency Real estate investors Investment according to specific thresholds, transparent records Officially granted golden visas No Outstanding talent individuals Outstanding achievements, deep expertise Prioritized for golden visa granting No Cryptocurrency investors No regulations on granting golden visas Regulated asset management SCA, VARA Not related
Frequently Asked Questions
Does the UAE grant golden visas to cryptocurrency investors? No, UAE agencies confirm that they do not grant golden visas to cryptocurrency investors under the current legal framework. How to identify cryptocurrency companies allowed to operate in the UAE? Cryptocurrency companies must have official licenses from VARA or SCA and be registered on the official channels of these agencies. Which groups are prioritized for UAE golden visas? Mainly real estate investors and individuals with outstanding achievements or talents in regulated fields. Why be cautious about rumors related to cryptocurrency golden visas? Inaccurate information can lead to legal risks and asset safety issues if investors do not verify through official channels. How to get accurate updates on cryptocurrency regulations in the UAE? Following the website and announcements from ICP, SCA, VARA is the best way to receive accurate and timely information.
Source: https://tintucbitcoin.com/uae-golden-visa-khong-cho-nha-dau-tu-crypto/
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