$TON Token Falls 6% After #UAE Authorities Deny Golden Visa Claims


$TON dropped 6% to $2.84 after UAE regulators refuted claims linking token staking to golden visa eligibility.


The Open Network claimed that $100,000 staked $TON for three years, plus $35,000 fees, would secure a 10-year UAE residency.


$TON initially surged 10% to $3.03 on Sunday following the announcement before regulatory denial emerged.


Emirates News Agency published a joint statement from three UAE authorities rejecting the digital asset visa pathway.


Federal Authority for Identity, Citizenship, Customs and Port Security confirmed golden visas are not issued to #crypto holders.


The Securities and Commodities Authority and Virtual Assets Regulatory Authority emphasized that separate regulations govern digital investments.


Telegram CEO Pavel Durov boosted speculation by reposting crypto influencer Ash Crypto's announcement on X.


Legitimate #goldenvisa requirements include $544,000 minimum investments or specialized professional qualifications.


UAE authorities warned investors to verify information through official sources to avoid fraud schemes.

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July 07, 2025 at 12:47 PM
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