06.07.2025 20:57
Reports of a purported partnership between Toncoin (TON) and the United Arab Emirates (UAE), granting investors golden visas, have been officially refuted. The Federal Agency for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement debunking these claims, which had circulated widely online. This denial immediately triggered a noticeable decline in TON's price.
Following the release of this joint statement, the price of TON experienced a sharp drop. The ICP clarified that golden visas are awarded solely based on pre-defined eligibility criteria, explicitly excluding investments in digital currencies. Instead, the program prioritizes individuals demonstrating significant contributions in real estate, entrepreneurship, exceptional talent, scientific expertise, academic achievement, humanitarian efforts, and pandemic frontline work.
The SCA underscored the UAE's commitment to international financial regulatory standards, emphasizing transparency and investor confidence. Their statement clearly stated that digital asset investments are subject to separate regulations, unconnected to the golden visa initiative. Investors were cautioned to rely solely on official sources for accurate information, thereby mitigating the risks of misinformation and fraudulent schemes.
Similarly, the Dubai-based VARA categorically dismissed the claims concerning golden visas for digital asset investors. To further safeguard investors, VARA strongly urged transactions only with fully licensed and regulated entities within the UAE's virtual asset ecosystem. Protecting consumers in virtual asset services and investments was prominently highlighted as a key priority within their statement. Furthermore, VARA explicitly confirmed that the entity known as "TON" lacks the necessary licenses or regulatory approvals.
This information is for educational purposes only and does not constitute investment advice. For further insights and updates, please consult reputable financial sources and independent market analysis. Information obtained from internet sources should be carefully vetted for accuracy and reliability.
