The TON Foundation confirms the Golden Visa project has no formal ties to UAE authorities or government-endorsed visa schemes.
UAE regulators issue a public denial, stressing that crypto investments are not part of the official Golden Visa requirements.
TON token’s market value fell sharply following clarification, echoing similar past incidents tied to premature announcements.
The TON Foundation has issued a formal clarification following public confusion over its recently promoted UAE Golden Visa offer. The organization distanced itself from any government-backed initiative, stating that its earlier announcement had been premature and lacked official endorsement.
According to a revised statement, the TON Foundation explained that the visa-related proposal was part of an exploratory collaboration with an unnamed licensed partner focused on tokenized assets and blockchain infrastructure. The Foundation confirmed that no formal support or recognition had been extended by the UAE government.
Regulators Issue Joint Statement
Three major UAE regulatory bodies responded swiftly to the reports circulating online. The Federal Authority for Identity, Citizenship, Customs, and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority jointly denied any association with the staking-for-visa project. They clarified that digital asset investments do not currently fall under Golden Visa eligibility criteria.
Following the regulatory response, the TON Foundation removed the original post offering the 10-year visa in exchange for staking $100,000 worth of TON tokens over three years. The Foundation acknowledged that the promotion had caused confusion and reiterated that the project remained in a preliminary phase.
Token Value Suffers After Clarification
Shortly after the clarifications were made public, the TON token experienced a sharp decline. The price fell by double digits as market sentiment turned negative. The drop followed a similar pattern seen in earlier incidents involving exaggerated announcements tied to the TON ecosystem.
In May, a separate event triggered a comparable response when Telegram's CEO announced a supposed partnership with xAI. That claim was quickly dismissed by Elon Musk, causing TON’s value to dip by over 10%. The pattern highlights how misinformation around the project has repeatedly impacted investor confidence.
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