UAE officials clarify: Cryptocurrency investors are not eligible for golden visas
6 hours ago
Odaily News The UAE Federal Security Authority for Identity, Citizenship, Customs and Ports (ICP), the Securities and Commodities Authority (SCA) and the Virtual Asset Regulatory Authority (VARA) jointly issued a statement denying reports circulating on certain websites and social media platforms that the UAE is granting 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 regulation 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 work with regulated companies, and clarified that TON was not licensed by them. The three parties called on the public to be cautious and refer to official channels for information. (WAM) Earlier news, Toncoin cooperated with the UAE to provide 10-year golden visas to TON pledgers
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2025-07-07 05:22:47
Shenzhen: Beware of illegal fundraising in the name of stablecoins
Odaily News Recently, digital currencies represented by stablecoins have received widespread attention from the market. Monitoring has found that some illegal institutions use "financial innovation" and "digital assets" as gimmicks, take advantage of the public's lack of understanding of stablecoins, etc., and absorb funds by issuing so-called "virtual currency", "virtual assets", "digital assets", etc., induce the public to participate in trading speculation, disrupt the economic and financial order, and breed illegal fundraising, gambling, fraud, pyramid schemes, money laundering and other illegal and criminal activities, seriously endangering the property safety of the public. The Shenzhen Municipal Task Force Office for Preventing and Combating Illegal Financial Activities reminds you: Such illegal institutions do not have the qualifications to publicly absorb public deposits without the permission of the national financial management department in accordance with the law or in violation of national financial management regulations. Such institutions use new concepts such as stablecoins to speculate, fabricate so-called "virtual currency", "virtual assets", "digital assets" and other investment projects, publicly falsely advertise and absorb public funds, and breed illegal fundraising, gambling, fraud, pyramid schemes, money laundering and other illegal and criminal activities. (Jinshi)
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Shenzhen: Beware of illegal fundraising in the name of stablecoins
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