UAE Refutes Claims of Toncoin Golden Visa Program

The United Arab Emirates (UAE) has denied the claims that an investment of $100,000 in Toncoin (TON) could lead to a 10-year golden visa. ICP, SCA, and VARA, financial regulators in the UAE, issued a joint statement underscoring that digital currency investments do not qualify for the long-term residency permit. The rumor gained traction after Toncoin's team announced a partnership with the UAE, promising a 10-year golden visa for staking $100,000 TON for three years.

Despite the initial bullish sentiment, UAE authorities have confirmed that golden visa eligibility is strictly linked to real estate investment, entrepreneurship, and specialized talent, not crypto staking. VARA also stated that TON is not licensed or regulated under its framework. Following the official denial, Toncoin's price dropped.