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TON Foundation Clarifies UAE Golden Visa Project Was Not Government-Backed

  • Digital currency investors are not eligible for UAE Golden Visas, according to a joint statement from the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority.
  • The authorities clarified that Golden Visas are issued based on officially approved criteria, excluding digital currency investors, and urged caution against misinformation.
  • The Securities and Commodities Authority emphasized its commitment to international standards and urged investors to obtain information from reliable sources to avoid misinformation.
  • The Virtual Assets Regulatory Authority confirmed that the company TON is not licensed by them, advising consumers to engage only with properly regulated organizations for virtual asset investments.
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Toncoin's Golden Visa Hype was prematureIt was claimed that Toncoin (TON) would provide a way to a 10-year UAE golden visa alone through the stakeing of $TON. Posts in social media, headlines, and influencer threads spread the story quickly – many believed this was a groundbreaking moment for crypto adoption in real residence programs.But the celebrations were short-lived.In a public clarification on X, the CEO of the TON Foundation addressed th…

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TokenPost broke the news in on Sunday, July 6, 2025.
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