Yesterday, July 6, information about the launch of a program for obtaining a ten-year resident visa in the UAE, conditional on staking $100,000 in Toncoin for three years and paying a fee of $35,000, appeared on the official TON Foundation resource. The announcement was posted not only on the website but also on the organization's social media, after which the price of Toncoin rose by 10%.
Representatives of the Federal Authority for Identity and Citizenship (ICP), the Securities and Commodities Authority (SCA), and the Dubai Virtual Assets Regulatory Authority (VARA) stated that the criteria for issuing 'golden visas' remain unchanged and do not include investment in digital currencies. The list of eligible categories includes investors, entrepreneurs, researchers, humanitarian workers, and outstanding students.
The Dubai Virtual Assets Regulatory Authority emphasized that TON company does not hold a license and is not registered in Dubai, therefore it has no right to offer any services related to visas. The statement from the authorities noted that investors should verify incoming information exclusively through government sources and only work with companies that have licenses in the UAE to avoid misunderstandings.
Previously, the Austrian cryptocurrency exchange Bitpanda received a broker-dealer license from the Dubai Virtual Assets Regulatory Authority (VARA), becoming the first fully regulated European digital asset platform in the UAE.
Read the original article on the Bits.media website