UAE Authorities Dismiss Claims of Offering 'Golden Visa' to TON Stakers

The previous day, it was announced that The Open Network (TON) and the United Arab Emirates (UAE) had entered into a partnership related to the Golden Visa (a visa allowing for 10 years of residency). However, UAE authorities have denied these rumors.

According to the UAE's official news agency WAM on the 7th, the Federal Authority for Identity and Citizenship (ICA), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) issued a joint statement on this day, declaring that claims about the UAE granting Golden Visas to digital asset investors are not true.

ICA stated, "The Golden Visa is issued under a framework and criteria that are clear and officially approved," adding that "digital asset investors are not included."

VARA also denied the reports, clarifying, "TON is neither a licensed entity nor a company regulated by the authorities."

Previously, TON had announced through its official channel that "staking TON can secure you a UAE Golden Visa." The plan was to grant Golden Visas to TON stakers meeting certain requirements.