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The UAE Denies Collaboration with TON to Launch Gold Visa Scheme

4 hours ago

July 7th. The Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP), the Securities Commodities Authority (SCA), and the Virtual Asset Regulatory Authority (VARA) of the United Arab Emirates (UAE) jointly issued a statement. It was stated that the reports circulating on certain websites and social media platforms regarding the UAE granting gold visas to cryptocurrency investors are false news. The issuance of gold visas is based on a clear and officially approved framework and standards, and cryptocurrency investors are not included. The UAE Virtual Asset Regulatory Authority (VARA) also made it clear that the TON Corporation did not receive a license or regulation from VARA. Earlier reports indicated that TON announced a partnership with the UAE to provide TON Validators with a 10-year gold visa. The relevant page shows that TON Validators only need to pay a one-time fee of $35,000 to obtain a 10-year gold visa. It is reported that the plan is aimed at attracting high-net-worth individuals and crypto investors to support the TON network through long-term staking while enjoying residency and business convenience in the UAE.
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