PANews reported on July 7 that according to WAM, the UAE Federal Authority for Identity, Citizenship, Customs and Ports (ICP), Securities and Commodities Authority (SCA) and Virtual Asset Regulatory AuthorityPANews reported on July 7 that according to WAM, the UAE Federal Authority for Identity, Citizenship, Customs and Ports (ICP), Securities and Commodities Authority (SCA) and Virtual Asset Regulatory Authority

UAE authorities clarify: Golden Visa eligibility does not include cryptocurrency investors

2025/07/07 07:05

PANews reported on July 7 that according to WAM, the UAE Federal Authority for Identity, Citizenship, Customs and Ports (ICP), Securities and Commodities Authority (SCA) and Virtual Asset Regulatory Authority (VARA) jointly issued a statement denying reports circulating on certain websites and social media platforms that the UAE granted golden visas to digital currency investors. ICP said that the issuance of golden visas is based on a clear and officially approved framework and standards, which does not include digital currency investors. Those who meet the conditions include real estate investors, outstanding talents, etc. SCA reiterated that financial supervision is in accordance with international standards, and digital currency investment has specific regulations and has nothing to do with golden visas. Investors are reminded to obtain information from official channels. VARA also denied that Dubai issued golden visas to virtual asset investors, urged investors to only cooperate with regulated companies, and clarified that TON was not licensed and regulated by them. The three parties called on the public to be cautious and refer to official channels for information.

Earlier yesterday, it was reported that Toncoin has partnered with the UAE to provide a 10-year golden visa to TON pledgers .

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi

The post Fed Rate Cuts May Push Crypto Prices Up As ‘Digital Gold’ Replaces TradFi appeared on BitcoinEthereumNews.com. FX168 Financial News (North America) reports that cryptocurrency polymath Eric Trump has said that President Trump’s consistent advocacy of a Federal Reserve interest rate cut could push up cryptocurrency prices significantly. A rate cut would make interest-bearing safe assets less attractive. It would prompt investors to turn to speculative assets such as stocks and Bitcoin (BTC-USD).  Historically, cryptocurrencies typically rise during easing cycles, albeit not in a straight line. A rate cut could trigger a short-term rally. It could also signal economic weakness, which could drag down the performance of risky assets. In Eric Trump’s view, the digital asset industry is here to stay for the long haul. From there, the existence of proven cloud mining platforms has high benefits. What is Cloud Mining? XiuShan Mining cloud mining is a way to allow users to mine cryptocurrencies by renting computing power (arithmetic). A third party provides that computing power. Besides, users don’t need to purchase expensive mining equipment or perform technical maintenance themselves.  Users simply purchase a certain number of arithmetic contracts from the specialized XiuShan Mining cloud mining platform. That’s responsible for purchasing, deploying, operating, and maintaining the equipment, including power supply and technical management. Users can receive cryptocurrency revenue generated by mining on a pro rata basis according to the arithmetic power and lease term.  How Does Cloud Mining Work? Rented Arithmetic: Users select and purchase arithmetic contracts on the XiuShan Mining platform, which are typically measured in terms of hash rates (e.g., giga-hashes per second) that determine the amount of mining power. Mining Operations: XiuShan Mining uses its large mining facilities in remote data centers to validate blockchain transactions using the arithmetic power rented by users to solve complex mathematical problems. Distribution of Revenues: Cryptocurrency revenues generated by mining are distributed to users on a regular basis…
Share
BitcoinEthereumNews2025/09/19 20:37