According to breaking news, the news that Toncoin (TON) $TON investors were granted a “golden visa” in the United Arab Emirates (UAE) was denied by official authorities.
The Federal Agency for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA) and the Virtual Assets Regulation Authority (VARA) made a joint statement, stating that these claims circulating on some websites and social media platforms do not reflect the truth.
Following the development, there was a sudden drop in the TON price:
The Dubai-based Virtual Assets Regulatory Authority (VARA) also categorically denied claims that digital asset investors were given golden visas. VARA strongly recommended that investors only transact with fully licensed and regulated companies. The statement emphasized that consumer protection is a priority in services and investments related to virtual assets. VARA also stated that the company named “TON” is not licensed or regulated by the institution.
