Claims that UAE grants golden residency to cryptocurrency buyers, circulating on some web sites and social media platforms are false, authorities stated.
The clarification was issued in a joint assertion issued by Federal Authority for Id and Citizenship, Customs and Ports Safety (ICP); Securities and Commodities Authority (SCA); and Digital Property Regulatory Authority (Vara).
The long-term residency is granted to particular classes which embody actual property buyers, entrepreneurs, excellent skills, scientists, and specialists, high college students and graduates, humanitarian pioneers, and frontline staff, ICP confirmed.
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Vara acknowledged that any licensed “firm” is required to strictly adhere to visa procedures set by the Dubai authorities, and that Ton shouldn’t be licensed or regulated by the authority. This comes after a tweet on July 6 by Max Crown, CEO of the Ton basis, who claimed that Ton holders have “the unique likelihood to safe a 10-year Golden Visa” after a one-time price of $35,000 together with different circumstances. Here is a screengrab of his tweet:
Vara confirmed that claims of granting golden residency to digital asset buyers within the Emirate of Dubai are false, and urged each buyers and customers to deal solely with absolutely licensed and controlled corporations.
These investing in digital forex should acquire data from dependable sources to keep away from being swayed by deceptive or fraudulent claims, SCA stated. Such investments are topic to clear rules and isn’t linked to a Golden Visa, it added.
All three authorities referred to as on the general public and buyers to get data from official sources, comparable to authorities web sites or authorised channels, and to not work together with unreliable ads or provides circulating on-line.
They added that those that want to know particulars in regards to the circumstances of the Golden Residency can go to the ICP web site.
