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The UAE denies cooperating with TON to launch a golden visa program.
On July 7, the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) of the UAE jointly issued a statement declaring that reports circulating on certain websites and social media platforms about the UAE granting golden visas to digital currency investors are false news. The issuance of golden visas is based on a clear and officially approved framework and standards, which do not include digital currency investors. The UAE Virtual Assets Regulatory Authority (VARA) also clarified that TON has not obtained permission or regulation from VARA. Previous reports indicated that TON announced cooperation with the UAE to provide 10-year golden visas to TON stakers. Relevant pages show that TON stakers only need to pay a one-time fee of $35,000 to obtain a 10-year golden visa. It is reported that the program aims to attract high-net-worth individuals and encryption investors to support the TON network through long-term staking while enjoying residency and business conveniences in the UAE.