TON’s Golden Visa Flop Sends Warning To Crypto

The Open Network (TON) Gold Visa in the United Arab Emirates (SAE) emphasizes the need for legal compliance and proper review, the local lawyer said.

AND Early announcement of Ton’s Golden Visa The aim was to benefit from the community, but according to the founder Neoslegal Irina Heaver, he encountered complex local crypt rules.

With five regulatory bodies supervising Krypto and activity providers (CASP) in SAE and strict marketing rules Dubai Regulatory Office for Virtual Assets (Vara)Ensuring local compliance requires a proper legal assessment.

“Even with the support of local administration officials, you must still support the crypto agreements in full settlement with federal and local laws,” Heaver Caintelegraph said, adding that Kasp-regulated activities like betting And token -related offers require specific attention.

Ton’s Golden Visa Incident: Timeline of events

The TON Foundation announced the Golden Visa program last Saturday, which is said to include toncoin (TONE) Program program to earn gold visa for admission admission SEA.

A group of UAE regulators quickly denied Sunday reports and issue a common statement that gold visas are not issued to holders of digital assets. Vara pointed out that the company for TON is or licensed or regulated by the agency.

In the now deepened Ton statement, he said that he had, in addition to winning $ 100,000 for three years in Toncoin, to ensure a “10 -year gold visa with a one -time processing fee of $ 35,000”.

The Foundation has had since then clarified that the announcement was premature and that it was working with a licensed partner separately. The company did not respond immediately to requests for comment.

Telegram CEO Pavel Durov strengthened the contribution by saying that the crypto -influential influence of Ash Crypto claimed that “Ton had just worked with SAE”, although Durov erased Tweet a day later.

“Ton has just worked with SAE to offer a ten -year gold visa to Ton stakers,” said the deleted x post from Ash Crypto, who was Retweet Durov.

The retaeet post was alive by Monday at 13:00 UTC at least and then deleted Durov. Original post remnants Live on Ash Crypto from Tuesday at 10:00 UTC.

First warning from CZ

Some major characters in the crypto community, such as the former CEO of Binance ChangPeng Zhao, were Quickly challenges the credibility of Ton’s announcement.

“Is that real?” Cz asked x in response to the announcement. “It would be amazing if it was true. But so far I have received contradictory information,” he said on Saturday.

In particular, cz referred to the lack of official information to government bodies related to the program and called on the community to verify the resources, no matter how renowned they are.

Related: Pavel Durov warns that France is experiencing social collapse

Despite the early warning, the Golden Visa Ton announcement in the community caused significant excitement, which caused a sharp price rally on Saturday, followed by and Sale of UAE offices refused to engage.

Legal reviews “can save millions of fines”

Despite the initial enthusiasm, the rapid rejection of the UAE has changed the notifications of the factories into a warning story. Legal experts say it is a reminder that the notification of the controlled hype in the cryptal space can be backrests unless properly checked.

“In a rapidly developing space like ours, it is tempting to prefer hype and own Twitter source for a day, but in the UAE laws are already well introduced,” Heaver said.

“Check marketing materials and potential problems with marketing materials and signs of potential problems, and this quick check can save weeks of headache and millions of dirhams in fines,” she added and added: added: She added and added: added: added

“It is a reminder that a legal overview is not a blocker – he is the builder of sustainable growth.”

Vara refused to comment on the incident on Cainthelegraph, referring to a joint announcement published on Sunday.