United Arab Emirates (UAE) authorities have sharply rebuffed stories of people with the ability to purchase UAE’s Golden Visa by staking Toncoin
.
The Federal Authority for Id, 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 stated that golden visas frameworks nonetheless don’t embrace digital foreign money buyers. VARA additionally reiterated that TON is neither licensed nor regulated by the regulator.
Over the weekend, Max Crown, CEO of the TON Basis, which manages the Telegram-based crypto ecosystem, stated 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 price of $35,000, can now get a 10-year Golden Visa.
TON surged 12% after the announcement leaping to just about $2.9.
In Could, Telegram founder Pavel Durov stated 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 Group Reacts With Pleasure and Doubt
