Following the claims that a golden visa (Golden Visa) could be obtained in the United Arab Emirates (UAE) in exchange for staking Toncoin (TON), an official statement came from the TON Foundation after the UAE authorities denied these news. The TON Foundation announced in a blog post that the initiative is an independent collaboration between Toncoin and a licensed partner specializing in blockchain infrastructure and tokenized assets. The statement noted that this work has no direct or indirect relationship with any UAE government institution: “We understand the interest and excitement of our community on this issue, but we want to clarify. This initiative is not being implemented in a formal partnership with the UAE government, and Toncoin has not been given any official approval.” Related News: Vitalik Buterin Proposes New Update That Will Change the Structure of Ethereum The TON Foundation noted that the initiative is still in its early stages, and is only exploring how a regulatory-compliant blockchain infrastructure can be integrated into residency programs in the future. It was also reminded that applications alone do not guarantee the issuance of a visa, and the final decision rests with the relevant UAE authorities. The statement also supported the joint statement made by the UAE Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA) and Virtual Assets Regulatory Authority (VARA). In this statement, it was clearly stated that no golden visa program was launched through cryptocurrency investment. *This is not investment advice. Continue Reading: Toncoin’s (TON) Much-Hyped United Arab Emirates Golden Visa Program Has Turned Into a Never-Ending Saga: TON Officials Issue Statement
