Recently, a Golden Visa program in the UAE linked to staking Toncoin has drawn public interest. However, former Binance CEO CZ expressed doubts regarding its legitimacy.
CZ's Doubts on the Program
Changpeng Zhao, known as CZ, questioned the legitimacy of the Golden Visa program associated with Toncoin, pointing out that there is no official confirmation from UAE authorities. In a post on X, he stated: "Is this real? It would be awesome IF it is true. But I got conflicting info so far." He noted that there is no information about the program on official government organization websites.
Unofficial Confirmation from Durov
Despite CZ's skepticism, some users on the platform X pointed out that Telegram CEO Pavel Durov had confirmed the news. Durov reposted the announcement on X, although CZ emphasized his preference to "trust but verify."
Development of Crypto Infrastructure in UAE
The UAE is rapidly emerging as a center for cryptocurrency and blockchain companies due to its favorable regulation and government support. At the Token2049 conference in Dubai, where CZ participated, discussions were held about launching a Free Machine Economy Zone to explore the intersection of robotics, AI, and decentralization.
The situation surrounding the Golden Visa program for Toncoin and CZ's response highlight the need for caution in assessing new initiatives in the cryptocurrency sphere. The UAE continues to strengthen its position as a leading hub for the crypto industry, but the absence of official announcements presents risks for potential investors.
