UAE Debunks TON Golden Visa Claims:
Impact on TON's Future Price
Reports recently circulated by The Open Network (TON), suggesting a "Golden Visa" pathway through staking $100,000 in TON, have been definitively refuted by UAE authorities. The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement today, July 7, 2025, clarifying that Golden Visas are not granted based on digital currency investments. They stressed that TON is not licensed or regulated by VARA.
This official denial is likely to have a significant impact on TON's price. While the initial rumors may have generated a speculative rally, the immediate and unequivocal refutation by UAE regulators removes any perceived "utility" or direct incentive for holding TON for residency purposes.
Impact on Future TON Prices:
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* Loss of Perceived Utility: The primary factor driving any price surge related to the Golden Visa claim was the idea of a direct, tangible benefit to holding TON. With this debunked, the token loses a significant, albeit artificial, demand driver.
* Reputational Damage: The spread of inaccurate information, even if by a third party associated with TON, can damage the project's credibility and investor trust. This could deter new investors and potentially lead to existing holders re-evaluating their positions.
* Focus on Core Fundamentals: Without the Golden Visa narrative, TON's price will revert to being driven by its core fundamentals:
* Ecosystem Growth: Development of dApps, user adoption within the Telegram ecosystem, and network activity will be crucial.
* Technological Advancements: Scalability improvements, new features, and overall network performance.
* Broader Crypto Market Sentiment: As with most altcoins, TON's price will remain influenced by the overall trends in the cryptocurrency market and Bitcoin's performance.