The concept of a golden visa for BNB holders proposed by Changpeng Zhao (CZ) has reignited interest in the use of cryptocurrencies in immigration processes.
CZ's Discussion on Golden Visa for BNB
Changpeng Zhao, former CEO of Binance, suggested the possibility of a golden visa for BNB holders. This statement followed a recent initiative by TON that proposed a ten-year visa for the UAE in exchange for staking Toncoin.
The TON Initiative and its Consequences
The TON initiative offered a new visa model requiring $100,000 worth of Toncoin to be staked and a $35,000 processing fee. Despite its attractiveness, this program was quickly dismissed by local authorities, who confirmed that cryptocurrency investors are not eligible for golden visas.
CZ's Caution and Possible Next Steps
CZ expressed caution regarding the TON program, emphasizing the need for verification from government authorities. He stated that Binance might consider a similar offer for its token, but only with proper approval.
CZ's remarks and the authorities' response highlight the importance of legal compliance in immigration and cryptocurrency matters. The future of initiatives like the golden visa for crypto investors remains uncertain.
