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UAE Shuts Down TON’s Crypto Claims on Golden Visa Eligibility: What You Need to Know!
- Digital currency investors are not eligible for UAE Golden Visas, according to a joint statement from the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority.
- The authorities clarified that Golden Visas are issued based on officially approved criteria, excluding digital currency investors, and urged caution against misinformation.
- The Securities and Commodities Authority emphasized its commitment to international standards and urged investors to obtain information from reliable sources to avoid misinformation.
- The Virtual Assets Regulatory Authority confirmed that the company TON is not licensed by them, advising consumers to engage only with properly regulated organizations for virtual asset investments.
14 Articles
14 Articles
No golden visa for digital currency investors in UAE, authorities clarify
The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) have issued a joint statement denying reports circulating on certain websites and social media platforms that claim the UAE grants golden visas to investors in digital currencies. The ICP clarified that golden visas are issued according to clear and officially approve…
Telegram-Linked TON’s Golden Visa Plan Sparks Hype, Then Faces UAE Denial And Price Drop - Data Intelligence
The Open Network (TON), a blockchain project linked to the Telegram messaging app, recently announced a new initiative. According to the statement, users could obtain a 10-year UAE Golden Visa by staking $100,000 worth of Toncoin for three years. A one-time processing fee of $35,000 would also apply. TON said the offer would allow applicants to include family members and earn an annual return of 3–4% on the staked amount. UAE authorities quickly…
Telegram-Linked TON’s Golden Visa Plan Sparks Hype, Then Faces UAE Denial and Price Drop
The Open Network (TON), a blockchain project linked to the Telegram messaging app, recently announced a new initiative. According to the statement, users could obtain a 10-year UAE Golden Visa by staking $100,000 worth of Toncoin for three years. A one-time processing fee of $35,000 would also apply. TON said the offer would allow applicants to include family members and earn an annual return of 3–4% on the staked amount.UAE authorities quickly …
UAE Authorities Denies TON-Golden Visa Link, Toncoin Drops 10% Amid Backlash
A public rebuttal by UAE officials of suggestions that staking Toncoin may qualify investors for a Golden Visa caused a precipitous 10% drop in price. The Toncoin price saw a short spike earlier when the project’s official website ran a promotion. Giving a UAE Golden Visa to those who staked $100,000 worth of TON. Allegations that staking Toncoin could make one eligible for the UAE’s Golden Visa program were denied in a joint statement issued on…
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