FAKE NEWS ALERT!
UAE DENIES "Golden Visa for Toncoin"
The crypto dream for Emirati residency hangs in the air for now.
The authorities of the United Arab Emirates (UAE) have firmly denied reports circulating in the crypto community, which suggested that it was possible to acquire the UAE Golden Visa through the staking of #Toncoin .
This joint clarification came from the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Dubai Virtual Assets Regulatory Authority (VARA).
The agencies issued an official statement on Monday denying any such agreement. The ICP was clear in stating that the current frameworks for golden visas do not yet include cryptocurrency investors.
Additionally, VARA reiterated that #TON is currently not licensed or regulated in Dubai, emphasizing the importance of official oversight for any digital asset seeking legitimacy in the region.