Toncoin Price Dumps As UAE Authorities Call TON Golden Visa Offer Unofficial

• UAE regulators confirm crypto staking does not qualify for Golden Visa
• TON is not licensed by VARA; visa eligibility must follow official criteria
• Binance founder CZ questions the legitimacy of the program

UAE regulators have denied claims that staking Toncoin (TON) qualifies investors for the country’s Golden Visa program. The clarification comes after a controversial announcement from the TON community drew global attention and skepticism from crypto figures, including Binance co-founder founder Changpeng “CZ” Zhao.

TON’s Golden Visa Claims

Over the weekend, news broke that the TON network has a new initiative allowing individuals to obtain a 10-year UAE Golden Visa by staking $100,000 worth of TON for three years, plus a $35,000 processing fee. 

Related: BREAKING: Toncoin Partners with UAE to Offer Golden Visa, Driving TON Price Up 10%

The platform promoted it as a crypto-native alternative to traditional residency routes, claiming faster approval times and simplified eligibility. The offer gained traction across social media and crypto forums, causing TON’s price to surge 10%.

UAE Authorities Deny TON Visa Offer

Meanwhile, on July…

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