Toncoin's recent proposal to offer a 10-year golden visa in the UAE for its investors was officially denied by the country's authorities. This statement led to a temporary price spike in the cryptocurrency before it was corrected.
Toncoin's Visa Announcement
Toncoin recently announced a purported partnership with the UAE, offering a 10-year golden visa to investors staking $100,000 in Toncoin. This initial announcement generated enthusiasm within the industry.
Market Reaction and Authority Comments
However, UAE authorities quickly denied these claims, stating that visas are issued based on official criteria, which do not include digital asset investors. Officials emphasized that golden visas are meant for qualified candidates, typically real estate investors, and that Toncoin is neither regulated nor licensed to operate in the UAE.
Conclusions on the Crypto Market
As a result of this announcement, Toncoin's price temporarily jumped over 10%, reaching $3.09 before retracting. Crypto industry experts, including representatives from Binance, warned that such offers could be too good to be true. This highlights the need for verified information and maintaining investor confidence in the market.
The official denial by UAE of Toncoin's offer indicates the importance of verified information in the cryptocurrency space and the potential dangers posed by market volatility.
