UAE Clarifies: "Golden Visa Does Not Cover Cryptocurrency Investors"

On July 7, according to reports from Abu Dhabi, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement denying false reports that the UAE is granting golden visas to digital currency investors. The ICP clarified that the golden visa does not include digital currency investors, but is intended for eligible categories such as real estate investors and entrepreneurs. The SCA emphasized its commitment to regulating the financial industry and securities services, while VARA denied claims of issuing golden visas to virtual asset investors in Dubai and warned investors to obtain information from reliable official sources to avoid misinformation or fraud. The three regulatory bodies jointly urged the public and investors to exercise caution and refer to government websites and approved communication channels for accurate information.