Hajra Naz
Recent social media claims suggesting that holders of the cryptocurrency Toncoin (TON) can qualify for the UAE’s prestigious Golden Visa have been categorically denied by Emirati authorities. In an official joint statement, three major regulatory bodies
- The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP)
- The Securities and Commodities Authority (SCA)
- The Dubai Virtual Assets Regulatory Authority (VARA).
They have clarified that digital asset investors are not currently eligible for the Golden Visa program.
Who Is Eligible for the UAE Golden Visa?
The Golden Visa is a long-term residency program designed to attract top talent and strategic investment into the UAE. According to the statement, eligibility is limited to the following groups:
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Real estate investors
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Entrepreneurs and startup founders
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Scientists and researchers
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Outstanding students and graduates
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Humanitarian pioneers
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Frontline workers (including healthcare professionals and crisis responders)
Notably, investors in cryptocurrencies or virtual assets are not included in any of these categories.
Origin of the Rumor: Toncoin CEO’s Misleading Post
The clarification follows a viral post by Max Crown, CEO of the TON Foundation. He claimed Toncoin holders could get a 10-year Golden Visa. According to him, it required staking TON and paying a one-time fee of $35,000. The claim spread widely on X (formerly Twitter) and crypto forums.
Read More: These Pakistani Passport Holders Can Now Travel Visa-Free to UAE
Regulators: Ton Is Not Licensed in the UAE
VARA, the UAE’s virtual assets regulator, emphasized that Toncoin is not licensed or regulated by the authority, nor is the TON Foundation authorized to make visa-related offers. They reiterated that any company offering Golden Visa services must follow the UAE government’s official procedures, which are administered through recognized state channels.
Warnings Against Fraudulent Offers and Misinformation
The Securities and Commodities Authority (SCA) issued a warning. It urged investors and residents to beware of fake or misleading online offers. They emphasized using official government sources for all residency and crypto-related information.
Digital Assets Are Regulated, But Not Linked to Residency
The UAE has made progress in regulating digital assets through VARA. However, these investments do not qualify for the Golden Visa. Authorities said any changes to eligibility will be shared through official channels.
Where to Get Verified Information
For the most up-to-date and accurate information regarding
- Golden Visa eligibility
- Fees
Application procedures: Residents and investors are advised to consult
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The official website of the ICP: https://icp.gov.ae
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VARA’s portal for regulated virtual asset activity
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Other approved UAE government communication channels
