Then UAE regulators said: NOT APPROVED. Crypto can’t buy you a visa.😜
🚀 The buzz around TONCoin just took a dramatic twist.
Recently, the TON Foundation stunned the crypto world by announcing a partnership in the UAE, offering a pathway to a 10-year Golden Visa for investors willing to stake at least $100,000 worth of TON for three years. It sounded revolutionary: merge digital assets with residency rights in one of the world’s most coveted hubs. But what unfolded next proved how quickly crypto dreams can collide with regulatory reality.
✨ Here’s how it was supposed to work:
✅ Stake $100,000 in TON for a minimum of 3 years.
✅ Pay a $35,000 processing fee for the visa program.
✅ Use a special on-chain smart contract to apply.
✅ Wait roughly 7 weeks forapproval.
✅ Enjoy a 10-year UAE Golden Visa covering you, your spouse, kids, and even your parents.
✅ Meanwhile, earn an estimated 3-4% APY on your staked TON.
💥 But then came the reality check:
UAE regulators — including the ICP, SCA, and Dubai’s VARA — swiftly issued a joint statement, clarifying that crypto holdings or staking do not qualify anyone for a UAE Golden Visa.
They also stressed that the TON initiative wasn’t approved by any local authority, instantly cooling the hype.
🔎 The result?
TON’s price surged nearly 12% on the initial news, only to drop by around 6% after the official denial.
The community is now divided: some still see the idea as a bold glimpse into crypto’s future, others call it pure marketing spin.
👉 Lesson learned:
In crypto, groundbreaking promises can vanish overnight under the weight of regulation. Always do your own deep research — not just
#TonBlockchain #GoldenVisa #TonStaking #TonCommunity #tonecoin
