UAE Shuts Down Golden Visa Rumors for Crypto Investors
Over the weekend, Max Crown, CEO of the Ton Foundation, fired up social media by saying Toncoin holders could grab the UAE's 10-year Golden Visa for a $35,000 fee plus some crypto staking. But UAE authorities weren't having it.
Here's What's Actually True
The Federal Authority for Identity and Citizenship (ICP), Securities and Commodities Authority (SCA), and Dubai's Virtual Assets Regulatory Authority (VARA) released a joint statement saying this simply isn't true.
Golden Visas are strictly reserved for specific groups like:
Property investors
Entrepreneurs
Scientists and experts
Outstanding students
Humanitarian leaders
Frontline workers
Crypto investors? Not on the list.
VARA Clears the Air on Toncoin
VARA added that Toncoin isn't even licensed or regulated in Dubai. They reminded crypto companies to follow the proper government visa processes —no shortcuts, no workarounds.
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