Key Takeaways:
UAE denies providing Golden Visas to crypto traders, following claims from The Open Community (TON).TON proposed a $100K staking plan for 10-year visas, which was later refuted by high UAE authorities.Regulators warn traders to confirm data, stressing that digital property are usually not a part of official visa eligibility frameworks.
The promise of a UAE Golden Visa by means of a crypto staking scheme has been firmly rejected by the nation’s high regulatory our bodies. A daring marketing campaign from The Open Community (TON) claiming to supply residency by means of Toncoin staking drew swift backlash and clarification from UAE officers.
Learn Extra: Crypto App Downloads Rise by 41% in UAE as Traits on Market and Politics Drive Demand
UAE Authorities: No Crypto Pathway to Golden Visa
The Federal Authority for Identification, Citizenship, Customs and Port Safety (ICP), the Securities and Commodities Authority (SCA), and the Digital Belongings Regulatory Authority (VARA) have launched a joint assertion discrediting rumors and media experiences that counsel the UAE is granting Golden Visas to crypto traders.
Their message was direct: crypto investments—irrespective of the dimensions or platform—don’t qualify candidates for long-term residency.
Authorities emphasised that Golden Visas are solely issued beneath outlined, legally acknowledged classes, reminiscent of:
Actual property tradersEntrepreneursScientists and researchersHumanitarian pioneersPrime tutorial performers and frontline employees
Digital asset holders are not among the many accepted classes.
TON’s $100K Staking Provide Attracts International Consideration
What TON Proposed
TON’s announcement, printed earlier this month, outlined a high-profile supply: stake $100,000 price of Toncoin (TON) for 3 years, pay a $35,000 processing price, and obtain a 10-year UAE Golden Visa, all supposedly processed inside seven weeks.
The proposal claimed:
Visa protection would lengthen to spouses, kids, and oldsters.The stake would stay beneath the investor’s management through sensible contracts.Stakers may earn 3%–4% in annual yield on their deposited Toncoin.
TON emphasised that UAE-based companions would deal with the applying course of, not UAE authorities companies immediately. However their advertising implied a type of legitimacy or authorities cooperation that didn’t exist.
Learn Extra: TON Basis Secures $400 Million Funding, Positioning Telegram as a Web3 Powerhouse
Regulatory Our bodies Reply Swiftly
Inside hours of media traction, the Emirates Information Company (WAM) printed the official joint denial. VARA was significantly assertive in its response, noting that:
“TON is neither licensed nor regulated by VARA.”
The assertion additionally warned traders to be cautious of any third-party choices that use digital asset schemes to lure individuals with false immigration guarantees.
The SCA harassed that the UAE financial market has sufficient dedication to the worldwide greatest practices and that the crypto investments fall beneath completely different guidelines unbiased on the immigration insurance policies.
Crypto Neighborhood Reacts: Hypothesis, Worth Swings, and Doubts
Toncoin surged greater than 10% to roughly $2.98 after the preliminary TON announcement, though the UAE turned it down. Nevertheless, costs shortly retraced to $2.80 after regulators issued their assertion, in keeping with TradingView.
Some crypto analysts seen the announcement as a intelligent advertising tactic to advertise TON staking fairly than a real residency answer. Others criticized it as deceptive.
“They may have used FARTCOIN as a substitute,” joked Joe HedgeHog, a companion at Sigil Fund, on X (previously Twitter), suggesting the visa promise was little greater than a third-party gimmick exploiting TON’s model.
Bobby Ong, co-founder of CoinGecko, noticed that TON’s pitch lowered the standard Golden Visa threshold by 80%, which can have sparked pleasure from crypto “whales.”
Certainly, conventional UAE Golden Visa routes require an funding of no less than $540,000 in illiquid property, reminiscent of actual property or mounted deposits. TON’s $100,000 supply, in the meantime, appeared all of the extra approachable — albeit unofficial and legally void.
UAE’s Rising Position in International Crypto
UAE as a Blockchain Hub—However with Guardrails
The TON visa brouhaha is only a symptom of a a lot bigger fact: the UAE is striving laborious to grow to be a world champion of blockchain regulation, but it surely’s solely going to get there by itself phrases.
Greater than 600 crypto firms are registered in Dubai’s free zones such because the Dubai Multi Commodities Centre and the Dubai Worldwide Monetary Centre. These gestures present helpful rules and the opportunity of collaborating in specialised crypto licensing beneath VARA.
New developments additionally counsel how severe authorities in UAE are:
In June 2025, the Dubai Monetary Providers Authority (DFSA) accepted Ripple’s RLUSD stablecoin.VARA has up to date pointers to regulate real-world asset (RWA) tokenization, enabling tokenized actual property buying and selling beneath clear frameworks.
Nonetheless, regulatory precision and credibility stay paramount. Any entity searching for to supply companies—whether or not for buying and selling, staking, or crypto-backed advantages—should register and procure correct licenses from acknowledged UAE authorities.
This consists of adherence to strict know-your-customer (KYC), anti-money laundering (AML), and client safety insurance policies.
Avoiding Scams in a Quick-Transferring Sector
Investor Advisory
Because the crypto area continues to broaden, so does the threat of misinformation and opportunistic advertising. UAE authorities have been united in advising traders and residents to:
Rely solely on official authorities web sites reminiscent of www.icp.gov.ae for immigration particulars.Keep away from partaking with unverified platforms providing visa, funding, or regulatory shortcuts.Work completely with licensed digital asset service suppliers.
Authorities additionally inspired anybody not sure about crypto or visa claims to seek the advice of immediately with the ICP, SCA, or VARA.
