VARA Says TON Isn’t Even Regulated in Dubai as UAE Authorities Debunk Reports of Golden Visa

United Arab Emirates (UAE) Authorities sharply rejected reports that individuals are able to get the Gold Visa of the United Arab Emirate

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Federal Office for Identity, Citizenship, Customs and Port Security, Securities and Commodity Office (SCA)and Dubai’s Crypto Regulator Virtual Assets Regulators Authotis (BE), He issued a statement on Monday denial of any such arrangement.

ICP said Golden Visas still does not include digital currency investors. Vara also reiterated that Ton is not licensed or regulated in Dubai.

Over the weekend, Max Crown, CEO of the TON Foundationwho manages a crypto ecosystem based on a telegram, said that Toncoins holders can now get a sought -after gold visa of the United Arab Emirates by betting tons.

Crown added that candidates who are in three years in Toncoin worth $ 100,000 and pay a one -time processing fee for $ 35,000 can now get a 10 -year gold visa.

Ton increased by 12% after popping up to almost $ 2.9.

In May, the founder of Telegram Pavel Durov said the platform for sending messages associated with artificial intelligence Elon Musk, XAI. Soon after, Musk clarified that the agreement was Yet be signed.

Read more: Ton Ricress on UAE Golden Visa News; The crypto community reacts with the excitement and doubt