🟠 TON coin tumbles 6% after UAE regulators dismiss “Golden Visa” claims
Toncoin (TON) slipped about 6% from its 24‑hour high after the Emirates News Agency clarified that stacking $100K worth of TON for three years does not qualify investors for the UAE’s 10‑year Golden Visa program . Earlier, TON surged ~10% on the back of the staking‑for‑visa announcement, but the official denial triggered the pullback . UAE authorities confirmed that Golden Visas are granted only to real estate investors, entrepreneurs, specialist talents, etc.—not digital currency holders .
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🔍 What happened:
TON’s price jumped to around $3.03 amid visa‑for‑staking buzz; later dropped to $2.84 after denial .
Regulators including ICP, SCA and VARA emphasized that crypto investment does not grant visa eligibility .
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This correction underscores the importance of verifying crypto-related regulatory claims with official government sources before making investment decisions.
Source: Cointelegraph
