Recent news about Toncoin has drawn attention to the possibility of obtaining a golden visa in UAE through cryptocurrency investments.
Toncoin's Golden Visa in UAE
According to reports, Toncoin (TON) secured a partnership in the United Arab Emirates allowing eligible investors to obtain a 10-year golden visa. Individuals would need to contribute $35,000 and stake at least $100,000 worth of TON for three years.
Binance's Reaction and Possible Parallel
Binance CEO Changpeng Zhao reacted to the Toncoin announcement, stating if reports are accurate, Binance may consider negotiating a similar arrangement with UAE officials for BNB. He noted that such an initiative could reward long-term holders and contributors to the Binance ecosystem.
Future of Cryptocurrencies and Residency Programs
The potential for cryptocurrencies to serve as gateways to residency programs is a relatively new development. The possibility for BNB holders to soon obtain a golden visa remains to be seen, but Zhao's remarks have certainly added fuel to the speculation.
Thus, the situation surrounding golden visas for crypto investment participants continues to evolve, and monitoring new initiatives in this area is becoming increasingly relevant.
