07.07.2025 18:27

UAE authorities have quashed claims that staking Toncoin qualifies for the coveted 10-year Golden Visa. A collaborative statement from the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and Dubai's Virtual Assets Regulatory Authority explicitly rejected this assertion. The statement clarified that digital asset holdings, including Toncoin, are not currently recognized criteria for eligibility.

This joint denial directly contradicts a weekend announcement by the TON Foundation. The Foundation had suggested that a significant Toncoin stake, coupled with a substantial processing fee, would secure a Golden Visa. This misleading claim led to a 12% surge in Toncoin's price, briefly reaching almost US$2.9. The regulators' swift action underscores their commitment to transparent and accurate information dissemination.

In their official statement, the UAE regulatory bodies reiterated that the Golden Visa program remains exclusively accessible to individuals meeting specific criteria. These include real estate investors, entrepreneurs, highly skilled professionals, exceptional talents, leading scientists, promising students, and other pre-defined groups. They emphasized the importance of consulting only official government channels for accurate and up-to-date application information.

The TON Foundation, to date, has not issued a public response to the UAE regulators' refutation. This incident highlights the potential for misinformation to influence cryptocurrency markets and underscores the need for caution when relying on unverified announcements regarding government programs. This information is based on reports from internet sources.