UAE regulators confirm crypto staking does not qualify for Golden Visa
TON is not licensed by VARA; visa eligibility must follow official criteria
Binance founder CZ questions the legitimacy of the program
UAE regulators have denied claims that staking Toncoin (TON) qualifies investors for the country’s Golden Visa program. The clarification comes after a controversial announcement from the TON community drew global attention and skepticism from crypto figures, including Binance co-founder founder Changpeng “CZ” Zhao.
TON’s Golden Visa Claims
Over the weekend, news broke that the TON network has a new initiative allowing individuals to obtain a 10-year UAE Golden Visa by staking $100,000 worth of TON for three years, plus a $35,000 processing fee.
Related: BREAKING: Toncoin Partners with UAE to Offer Golden Visa, Driving TON Price Up 10%
The platform promoted it as a crypto-native alternative to traditional residency routes, claiming faster approval times and simplified eligibility. The offer gained traction across social media and crypto forums, causing TON’s price to surge 10%.
UAE Authorities Deny TON Visa Offer
Meanwhile, on July…
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