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.