Toncoin Price Dumps As UAE Authorities Call TON Golden Visa Offer Unofficial
- UAE regulators confirm crypto staking does not qualify for Golden Visa
- TON is not licensed by VARA; visa eligibility must follow official criteria
- Binance founder CZ questions the legitimacy of the program
UAE regulators have denied claims that staking Toncoin (TON) qualifies investors for the country’s Golden Visa program. The clarification comes after a controversial announcement from the TON community drew global attention and skepticism from crypto figures, including Binance co-founder founder Changpeng “CZ” Zhao.
TON’s Golden Visa Claims
Over the weekend, news broke that the TON network has a new initiative allowing individuals to obtain a 10-year UAE Golden Visa by staking $100,000 worth of TON for three years, plus a $35,000 processing fee.
Related: BREAKING: Toncoin Partners with UAE to Offer Golden Visa, Driving TON Price Up 10%
The platform promoted it as a crypto-native alternative to traditional residency routes, claiming faster approval times and simplified eligibility. The offer gained traction across social media and crypto forums, causing TON’s price to surge 10%.
UAE Authorities Deny TON Visa Offer
Meanwhile, on July…
The post Toncoin Price Dumps As UAE Authorities Call TON Golden Visa Offer Unofficial appeared first on Coin Edition.
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Toncoin Price Dumps As UAE Authorities Call TON Golden Visa Offer Unofficial
- UAE regulators confirm crypto staking does not qualify for Golden Visa
- TON is not licensed by VARA; visa eligibility must follow official criteria
- Binance founder CZ questions the legitimacy of the program
UAE regulators have denied claims that staking Toncoin (TON) qualifies investors for the country’s Golden Visa program. The clarification comes after a controversial announcement from the TON community drew global attention and skepticism from crypto figures, including Binance co-founder founder Changpeng “CZ” Zhao.
TON’s Golden Visa Claims
Over the weekend, news broke that the TON network has a new initiative allowing individuals to obtain a 10-year UAE Golden Visa by staking $100,000 worth of TON for three years, plus a $35,000 processing fee.
Related: BREAKING: Toncoin Partners with UAE to Offer Golden Visa, Driving TON Price Up 10%
The platform promoted it as a crypto-native alternative to traditional residency routes, claiming faster approval times and simplified eligibility. The offer gained traction across social media and crypto forums, causing TON’s price to surge 10%.
UAE Authorities Deny TON Visa Offer
Meanwhile, on July…
The post Toncoin Price Dumps As UAE Authorities Call TON Golden Visa Offer Unofficial appeared first on Coin Edition.
Read More