Mr. Max Crown - CEO of Ton Foundation - recently officially responded to the incident regarding the cooperation program between Ton and UAE to provide Golden Visa for investors. He said the Golden Visa program in the UAE actually stems from an independent cooperation effort between Ton and a licensed partner, focusing on blockchain and encrypted property. However, he emphasized that this is only an initial testing and exploration activity, absolutely no official agreement with the UAE Government.
This statement is to clarify the misunderstandings that are spreading in the community after some sources promote that users can apply for a Visa settlement in the UAE (Golden Visa) through the commitment to investing in tokens associated with Ton ecosystem.
Shortly thereafter, CZ - Founder Binance - commented on the incident on Twitter, saying:
"This marketing campaign is too misleading. Details need to be clearly made.
Cz's sharing shows the common concern of many experts in the field of Blockchain, that the use of untruthful information or promotions in order to stimulate investment demand can lead to a large -scale loss of confidence, leading to legal risks and deteriorating the image of the whole web3 industry.
Currently, Ton Foundation has not made any official statement about whether the Golden Visa program will continue to be implemented with the UAE Government. However, the incident is creating a strong wave of debate in the Crypto community for transparency and responsibility in communicating programs related to settlement and investment in digital assets.
