Authorities in the United Arab Emirates have officially refuted claims that digital asseters are now being eligible for the Golden Visa in the country of the country.
The clarification comes after reports on social media suggested that a new residence path had been created for crypto users, in particular involved in the Telegram-related Ton token.
Vae rejects Ton’s golden visa
In a joint rack From released on 7 July, three important regulatory authorities, including the Federal Authority for Identity, Citizenship, Customs and Haven protection (ICP), the Securities and Commodities Authority (SCA) and the Virtual Assets Regulatory Authority (VARA), have refused such initiative.
The ICP clarified that the Golden Visa is limited to persons who meet specific suitability criteria, such as real estate investors, entrepreneurs, scientists and exceptional talents. Holders of digital assets are currently not within that framework.
The SCA added that virtual assets are regulated under a separate legal structure that is not related to the Golden Visa program.
VARA repeated this and stated that no digital assets initiative initiative provides visa rights in the country. It also confirmed that Ton has no license or authorized to operate in the regulatory environment of the VAE.
The authorities insisted on residents and potential applicants to rely exclusively on recognized companies and to consult official government sportals for accurate and current program information.
‘Aggressive Marketing’
The news generated an important online discussion. Binance -founder Changpeng Zhao (CZ) described The initial Ton announcement as “aggressive/misleading marketing.”
According to him:
“You can pay $ 1K (in most major cryptos) to an agent to submit a request for a gold visa. No guarantees, but if you are worth your salt, there is a good chance that you will get it.”
The controversy stems from the announcement of Ton of a new Golden Visa path for crypto investors on the weekend.
According to the promotion, individuals could get a 10-year residence permit in the VAE by setting up $ 100,000 in Ton tokens and paying a one-off processing costs of $ 35,000.
The project claimed that tokens would be locked for three years using a transparent, non-guardianship Slim contract. This allows users to retain ownership and earn between 3% and 4% annually.
Ton has framed this as a more accessible route compared to traditional options, which often require real estate investments of more than $ 500,000.
