The UAE authorities have revealed a joint assertion on Monday, denying false studies over golden visa for crypto buyers.
The thrill emerged after Toncoin (TON), the native token of The Open Community, unveiled an revolutionary staking-based Golden Visa program. In line with TON’s claims, individuals can safe long-term residency by staking crypto, quite than assembly the revenue thresholds.
Candidates who stake $100,000 value of TON for 3 years and pay a one-time $35,000 processing payment could be eligible for a 10-year golden visa, TON mentioned.
Per a WAM information company report, the Federal Authority for Identification, Citizenship, Customs and Port Safety (ICP), the Securities and Commodities Authority (SCA), and the Digital Belongings Regulatory Authority (VARA) refuted the claims.
The three authorities warned in opposition to partaking with such unverified provides spreading on-line.
Replace: UAE gov has confirmed you possibly can’t get a Golden Visa by investing in crypto.
Bummer for $TON consumers, it’s ~6% down from right this moment’s excessive and the information got here out round an hour in the past.https://t.co/G2BydgTMFJ pic.twitter.com/LXxcqyh2ZE
— Sanjay (@SanjayWeb3) July 6, 2025
The SCA emphasised that crypto investments are ruled by established frameworks and are “unrelated” to golden visa eligibility. The company urged buyers to acquire official data from credible sources to keep away from misinformation.
Equally, Dubai’s VARA denied the claims, strongly urging crypto buyers to deal solely with totally licensed and controlled firms. The corporate TON is neither licensed nor regulated by VARA, the agency confirmed.
UAE Golden Visa Eligibility Don’t Embody Crypto Buyers
In line with the ICP, golden visas are issued adhering to formally authorized frameworks and standards, which don’t embrace crypto buyers.
“Eligible classes embrace actual property buyers, entrepreneurs, distinctive skills, scientists and specialists, prime college students and graduates, humanitarian pioneers, and frontline employees.”
The golden visa allows overseas nationals to reside, work, and examine within the UAE, with durations starting from 5-10 years. Additional, buyers can obtain long-term residency if they’ve public investments value 2 million UAE dirham ($544,000) or extra.
CZ Questions TON’s Golden Visa Claims
Following TON’s tout over the UAE long-term visa, former Binance CEO Changpeng “CZ” Zhao posted on X, questioning whether or not the hypothesis is true.
“I’ve not been in a position to confirm with an official supply but,” he wrote, earlier than the authorities launched the joint assertion.
Is that this
actual? It might be superior IF it’s true.
However I bought conflicting data to this point.
Some say: that is simply in order that they cost you $35k to go your software to an agent, who normally solely cost $1k payment.
The web site appears to present the impression that "$35k + $100k… https://t.co/u3mySnObWu— CZ
BNB (@cz_binance) July 6, 2025
“This program could be superior if it was true,” he mentioned. “Whether it is actual, we will certainly attempt to get it on BNB too.”
Moreover, Telegram CEO Pavel Durov reposted TON’s announcement on X from a crypto influencer, including extra to the hypothesis. Nonetheless, commenting on Durov’s retweet, CZ mentioned, “I wish to belief however confirm.”
“I’d anticipate one thing like this to have a authorities partnership, and announcement.”
TON Shot 10% Briefly, Fell Again 6%
The Open Community’s native token TON surged 10% on Sunday, following the announcement, solely to fall again 6% on Monday after the UAE authorities refuted the claims.
TON rose to $3.05 on Sunday, recovering current market losses. The surge, nevertheless, was short-lived. Per Coin Market Cap information, the token plunged inside hours to six% and is buying and selling at $2.83 at press time.
The publish UAE Authorities Deny TON Claims Over Golden Visa Supply for Crypto Buyers, TON Dips 6% appeared first on Cryptonews.