Foresight News reports that the UAE Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and Virtual Assets Regulatory Authority (VARA) jointly issued a statement declaring that reports circulating on certain websites and social media platforms about the UAE granting golden visas to digital currency investors are false news. The issuance of golden visas is based on a clear and officially approved framework and standards, which do not include digital currency investors. Eligible candidates include real estate investors, outstanding talents, scientists and experts, top students and graduates, humanitarian pioneers, and frontline workers. SCA reiterated that financial regulation is based on international standards, that there are specific regulations for digital currency investments, and that they are unrelated to the golden visa, reminding investors to obtain information from official channels. VARA also denied that Dubai is granting golden visas to virtual asset investors, urging investors to only cooperate with regulated companies, and clarifying that TON has not received their regulatory approval. The three parties call on the public to exercise caution and refer to official channels for information.
Previously, TON announced a collaboration with the UAE to provide eligible TON token stakers with UAE 'golden visas' valid for 10 years. According to the TON website, users only need to pay a one-time fee of $35,000 to obtain a 10-year golden visa, which requires staking $100,000 in TON for a period of 3 years.
