The UAE has officially denied claims that staking Toncoin provides access to the Golden Visa. This statement follows a wave of rumors on social media.
Refutation by UAE Authorities
On July 6, 2025, news circulated on various platforms claiming that staking $100,000 of Toncoin for three years could grant a Golden Visa. However, UAE officials released a joint statement clarifying that such claims are false. The authorities reiterated that Golden Visas are issued under strict categories.
Market Impact and TON's Response
The UAE's rapid denial led to a 6% drop in Toncoin's price, illustrating the crypto market's volatility. Initially, TON's official website advertised the Golden Visa program, but the page was updated following the UAE's statement.
Context and Future of Crypto Programs
The Golden Visa controversy highlights the interest in how cryptocurrencies can provide real-world benefits. Given the stringent investment program criteria in the UAE, experts emphasize that crypto projects must navigate carefully in their claims.
The UAE has reaffirmed its stance on tightly regulating residency programs, and recent events underscore the need for caution from crypto projects regarding legal aspects.
