#BinanceTurns8 TON Foundation clarifies the status of the Golden Visa in the UAE.

The Open Network (TON) Foundation has recently published crucial clarifications regarding its 10-year Golden Visa Initiative in the United Arab Emirates (UAE), a piece of news of utmost importance for the community. For Toncoin users, this information is essential.

In a blog post, the TON Foundation explained that the program is part of a collaboration with an undisclosed partner "specializing in blockchain infrastructure and tokenized assets." TON also made it clear that the UAE government has no direct involvement in this initiative.

The clarification comes at a key moment, as the UAE government has denied having knowledge of or participation in the program. Originally, this allowed TON investors to apply for a Golden Visa by paying an application fee of $35,000 and maintaining a $100,000 investment in Toncoin for three years.

According to the post, the TON Foundation stated it is aware of the premature announcement that circulated on X about the Golden Visa initiative for the UAE offered by TON. "While we understand the interest and enthusiasm of the community, it is necessary to clarify this situation."

TON Foundation clarifies key details of the Golden Visa Program.

According to the statement, it is crucial to understand that, to date, no official Golden Visa program has been launched in partnership with the UAE government, nor has any government backing been granted to TON. This collaboration is in its early stages and is part of a broader effort to explore how blockchain-based frameworks could, in the future, facilitate access to real-world residencies.

The TON Foundation reiterated: "to clarify, no official Golden Visa program has been launched in partnership with the United Arab Emirates government, nor has any government backing been granted to TON."