UAE denies TON’s Golden Visa offer – Token dips 6% after official rebuke

• The United Arab Emirates have denied any connection between the toncoins and the Golden Visa program.
• Binance’s CZ and experts have raised doubts about unusually low visa investment requirements.

Toncoin [TON] Recently created subtitles after a sharp two -hour increase More than 12% of July 8, driven by buzzing surrounding the expected new tourway trip in UAE.

The open network claimed that individuals could get a ten -year gold visa of the United Arab Emirates by costing $ 100,000 for three years to Toncoin, along with a $ 35,000 processing fee.

This notification Initially, it caused high volumes of trading and enthusiasm of investors.

But excitement was short -term because the price of toncoin soon became 6%.

The United Arab Emirates rejected the demands on the gold visa of Tona

Strying followed with a rapid clarification of the UAE offices, which rejected Visa’s demands and brakes brakes on the dynamics of the token.

Key authorities of the SAE, including the Federal Office for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodity Office (SCA) and Dubai regulatory body for virtual assets (Vara) – firmly rejected any arrangement of Tonoins with the Golden Visa program.

In the official declarationICP explained that gold visas are provided in well -defined and government approved categories, none of which include cryptocurrency investors.

Eligible recipients, according to the current InstructionsThey are usually investors in real estate, entrepreneurs, exceptional talents, scientists, excellent students, humanitarian leaders and frontline workers.

This clarification effectively revealed the idea that betting of digital assets such as toncoin can be the gateway to stay the United Arab Emirates.

Binance’s founder also questioned his legitimacy

The founder of Binance ChangPeng Zhao (CZ) also contributes to skepticism, also publicly inquired Credibility of the offer of a gold visa open network.

Emphasizing the inconsistency CZ noted that the standard Golden Visa Sae application usually costs around $ 1,000, when they are processed through authorized agents, much less than $ 35,000.

According to its sources, downloading in the UAE falls under regulatory supervision and any such initiative would require proper licenses from organs such as Vara, SCA or ADGM.

Cz added,

“There are no official government website with The Stake Ton to update the Golden Visa. This program would be amazing if it was true.”

As expected, concerns CZ emphasized the need for clear, verified information before promoting university token programs.

What’s more?

Another reason for skepticism surrounding the offer of TON’s stay was a glaring difference in investment requirements compared to traditional gold routes of SAE.

Normally, applicants must invest at least $ 540,000 in illicient assets such as real estate or long -term business companies.

Ton, on the other hand, offered the same ten -year stay in return for only $ 100,000 in seated tokens, an unusually low threshold that sharply deviated from established standards.

This significant disparity caused red flags among observers who questioned the legitimacy of the program and emphasized the urgent need for regulatory clarity in cryptometer initiatives.

Notes the Bobby ong, co -founder Coingecko, said,

“The entry is 5 times lower than the equivalent investment in real estate / FD and certainly drops the whale attention to look at TON and consider it a possibility.”

At the time of the press, Ton traded with a decline in 2.23% after this report Coinmarketcap.