UAE Denies Launching Golden Visa Program in Partnership with TON

BlockBeats2025/07/07 03:22

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BlockBeats News, July 7 — The UAE Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) have jointly issued a statement clarifying that reports circulating on certain websites and social media platforms about the UAE granting golden visas to cryptocurrency investors are false. The issuance of golden visas is based on a clear and officially approved framework and standards, which do not include cryptocurrency investors. The UAE Virtual Assets Regulatory Authority (VARA) also clarified that TON has not obtained any license or regulatory approval from VARA.

Earlier reports stated that TON announced a partnership with the UAE to offer 10-year golden visas to TON stakers. According to related pages, TON stakers could obtain a 10-year golden visa by paying a one-time fee of $35,000. The program was reportedly designed to attract high-net-worth individuals and crypto investors to support the TON network through long-term staking, while enjoying the residency and business benefits of the UAE.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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