United Arab Emirates (UAE) authorities have sharply rebuffed stories of people having the ability to purchase UAE’s Golden Visa by staking Toncoin
.
The Federal Authority for Identification, Citizenship, Customs and Port Safety, the Securities and Commodities Authority (SCA), and Dubai’s crypto regulator Digital Property Regulatory Authority (VARA), issued an announcement on Monday denying any such association.
ICP mentioned that golden visas frameworks nonetheless don’t embody digital forex traders. VARA additionally reiterated that TON is neither licensed nor regulated in Dubai.
Over the weekend, Max Crown, CEO of the TON Basis, which manages the Telegram-based crypto ecosystem, mentioned on X, that Toncoin holders can now purchase UAE’s a lot wanted Golden Visa by staking TON.
Crown added that candidates who stake $100,000 value of toncoin for 3 years and pay a one-time processing charge of $35,000, can now get a 10-year Golden Visa.
TON surged 12% after the announcement leaping to almost $2.9.
In Could, Telegram founder Pavel Durov mentioned that the messaging platform has partnered with Elon Musk’s synthetic intelligence agency, xAI. Quickly after, Musk clarified that the deal was but to be signed.
Learn extra: TON Surges on UAE Golden Visa Information; Crypto Neighborhood Reacts With Pleasure and Doubt