Latest Crypto Buzz Fades As TON Admits No UAE Visa Agreement
The post Latest Crypto Buzz Fades As TON Admits No UAE Visa Agreement appeared on BitcoinEthereumNews.com. Ton announces a Golden Visa for the UAE and then retracts it. getty In a dramatic turn of events, what initially looked like a groundbreaking fusion of crypto and blockchain technology and global mobility has been walked back. Earlier this week, excitement exploded online after an announcement suggested that staking $100,000 in TON for three years, plus a one-time $35,000 processing fee, would grant applicants a 10-year UAE Golden Visa. The initiative appeared to offer quick processing, family eligibility, and was even promoted through a TON Foundation webpage. TON’s token surged on the news. One of the tweets from Ton about the UAE Golden Visa. X (Twitter) But on July 7th, 2025 the TON Foundation issued a statement to clarify the situation and reset expectations. Despite the enthusiastic rollout, no formal partnership exists between TON and the United Arab Emirates government. The initiative, while real in its experimental goals, is still in development and has not been endorsed or authorized by any UAE governmental entity. Why the Correction Is a Big Deal For Ton, Crypto And The UAE The initial reaction made sense. If true, this would have been the first time a decentralized crypto staking mechanism directly enabled access to a government residency program. It signaled a future where your crypto wallet could unlock real-world benefits, an intersection of Web3 and public policy. But the correction from the TON Foundation was swift and firm. They emphasized that the program is an exploratory effort, being developed in collaboration with a licensed blockchain partner, but it does not have any government approval or involvement at this time. The UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority released a joint statement confirming that no such initiative has been launched…
The post Latest Crypto Buzz Fades As TON Admits No UAE Visa Agreement appeared on BitcoinEthereumNews.com.
Ton announces a Golden Visa for the UAE and then retracts it. getty In a dramatic turn of events, what initially looked like a groundbreaking fusion of crypto and blockchain technology and global mobility has been walked back. Earlier this week, excitement exploded online after an announcement suggested that staking $100,000 in TON for three years, plus a one-time $35,000 processing fee, would grant applicants a 10-year UAE Golden Visa. The initiative appeared to offer quick processing, family eligibility, and was even promoted through a TON Foundation webpage. TON’s token surged on the news. One of the tweets from Ton about the UAE Golden Visa. X (Twitter) But on July 7th, 2025 the TON Foundation issued a statement to clarify the situation and reset expectations. Despite the enthusiastic rollout, no formal partnership exists between TON and the United Arab Emirates government. The initiative, while real in its experimental goals, is still in development and has not been endorsed or authorized by any UAE governmental entity. Why the Correction Is a Big Deal For Ton, Crypto And The UAE The initial reaction made sense. If true, this would have been the first time a decentralized crypto staking mechanism directly enabled access to a government residency program. It signaled a future where your crypto wallet could unlock real-world benefits, an intersection of Web3 and public policy. But the correction from the TON Foundation was swift and firm. They emphasized that the program is an exploratory effort, being developed in collaboration with a licensed blockchain partner, but it does not have any government approval or involvement at this time. The UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority, and the Virtual Assets Regulatory Authority released a joint statement confirming that no such initiative has been launched…
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