TON Coin Erases Some Gains After Golden Visa Clarification

The native cryptocurrency of the open network became 6% of its 24 -hour maximum after the regulatory bodies of the United Arab Emirates refuted the claim that betting toncoin (tonnes) could create a way to stay SAE.

Toncoin initially shot on Sunday up to 10% to $ 3.03 Open net He argued that applicants who have become $ 100,000 worth Toncoin for three years are applicable to the Golden Visa Sae program.

However cryptomera It became partly after the Emirates press agency shared a joint statement by several regulatory bodies that rejected this claim.

TON is now traded for $ 2.84, which is a 6% decline compared to a recently published 24 -hour maximum.

ASSEMBLY OF SAE disputes Gold Visa claims

Ton argued that applicants who would place TON worth $ 100,000 in three years and pay a one -time processing fee of $ 35,000 would be entitled to a 10 -year gold visa.

Telegram CEO Pavel Durov added to speculation Reposting ASH Crypto’s Crypto Crypto Notice on Sunday, even though it did not make any official comment.

However Emirates’s press agency later announced on Monday The Federal Office for Identity, Citizenship, Customs and Port Security, Securities and Commodity Office, and the regulatory office of virtual assets have stated that gold visas are not issued to holders of digital assets.

They also explained that investment in digital currency is governed by specific regulations and is not related to gold visa capabilities.

“The Office also confirmed that the investment of digital currencies is governed by specific regulations and is not related to gold visa capabilities. He called on investors to obtain information from trusted, official sources to avoid misinformation or fraud,” Emirates said.

Cointlegraph addressed the Ton Foundation, President Manuel Stotz and CEO Max Crown for statement.

Golden visa

The Golden Visa is a long -term visa of the stay presented by the UAE government in 2019 to attract qualified individuals to the region.

Allows foreigners to live, work and study in UAE without needing a national sponsor, with a visa duration between five and 10 according to Federal office for identity, citizenship, customs and port security.

Related: “Is that real?” Cz questions ton’s sae gold visa because the sources of gov’t remain quiet

In order for users to be eligible, they must meet strict criteria, such as special skills such as being a doctor, scientist or researcher.

Investors can receive a gold visa if they have a public investment worth 2 million United Arab Emirates Dirham ($ 544,000) or more.

Entrepreneurs can also be eligible if the registered startup recognized SAE, which is based on technology.

Magazine: Dogecoin set to reflection? Usual Eyes Banking License: Hodler’s Digest, 29th June – 5th July