The UAE authorities have categorically denied the information circulating on some websites and social media platforms regarding the grant of golden residency in the UAE to investors in digital currencies, confirming that this news is untrue and has no relation to official procedures.
This clarification came in a joint statement issued by the Federal Authority for Identity and Citizenship, Customs and Border Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority, in response to the rumors surrounding the eligibility of digital currency investors for this residency.
The statement affirmed that the golden residency in the UAE is granted based on specific, officially approved conditions and criteria, and does not include, under any circumstances, the category of investors in digital assets or cryptocurrencies.
The statement clarified that the eligible categories for residency include investors in the real estate sector, entrepreneurs, exceptional talents, scientists, top students and graduates, and humanitarian workers, in addition to first responders, all of whom meet the approved criteria to support the growth of the national economy.
For its part, the Securities and Commodities Authority confirmed its full commitment to the international standards applicable in regulating the financial sector and securities markets, emphasizing that its regulatory efforts aim to enhance transparency and investor confidence, reflecting the state's direction towards building a sustainable and attractive investment environment for quality capital.
As for the Virtual Assets Regulatory Authority, it confirmed that the information about granting golden residency to digital currency investors in Dubai is incorrect, noting the need to verify news sources and avoid circulating rumors. It also urged all investors and consumers to only deal with companies that are officially licensed and regulated by the relevant authorities when investing or using services related to digital assets.
This clarification comes as part of the UAE's efforts to protect its investment environment and enhance the credibility of its strategic programs such as the golden residency in the UAE, which aims to support vital sectors and areas with added value, away from unregulated speculation in the cryptocurrency market.
