$BNB The TON Foundation retracts the staking plan for the "Golden Visa" of the UAE following government opposition.

The Open Network (TON) Foundation has moderated expectations surrounding its proposal to offer a “Golden Visa” in the United Arab Emirates, clarifying that there is no official partnership with the government and that the idea remains in the early stages of discussion.

The statement comes after TON announced on July 6 a program promising a 10-year residency visa in the United Arab Emirates for individuals who stake $100,000 in Toncoin (TON) for three years and pay a processing fee of $35,000.