On July 7, the Federal Identity, Citizenship, Customs and Port Security Authority (ICP), Securities and Commodities Authority (SCA), and Virtual Asset Regulatory Authority (VARA) jointly issued a statement claiming that reports circulating on certain websites and social media platforms about the UAE granting golden visas to digital currency investors are false. Golden visa issuance follows a clear and officially approved framework and standards, which do not include digital currency investors. The UAE Virtual Asset Regulatory Authority (VARA) also clarified that TON Company has not obtained VARA's license or regulation.
Previous reports stated that TON announced a cooperation with the UAE, offering 10-year golden visas to TON stakers. Related pages showed that TON stakers only need to pay a one-time fee of $35,000 to obtain a 10-year golden visa. It is understood that the plan aims to attract high-net-worth individuals and crypto investors by supporting the TON network through long-term staking, while enjoying residency and business conveniences in the UAE.
