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UAE Denies Golden Visa for Toncoin Stakers as Regulators Clarify Rules

UAE regulators have clarified that digital currency investments do not qualify for the Golden Visa program under current criteria.

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Pavel Durov Telegram UAE ton toncoin golden visa

Overview

  • On July 6, the TON Foundation proposed that staking $100,000 of toncoin for three years and paying a $35,000 fee would earn holders a 10-year UAE Golden Visa.
  • The Federal Authority for Identity, Citizenship and Customs, the Securities and Commodities Authority and VARA issued a joint statement on July 7 rejecting those visa-by-staking claims.
  • Regulators emphasized that digital currency investors are not eligible under existing Golden Visa rules and confirmed that TON is neither licensed nor regulated in Dubai.
  • Toncoin’s price, which climbed roughly 12% after the initial announcement, has since pulled back about 5% as market participants reassess its legitimacy.
  • Crypto community leaders, including Binance co-founder Changpeng Zhao, are urging investors to await formal government confirmation or further guidance.