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UAE authorities have officially denied claims that Toncoin (TON) holders can obtain a golden visa through staking, clarifying immigration policies linked to digital assets.
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The joint statement from ICP, SCA, and VARA highlights the absence of any crypto-based residency scheme, emphasizing strict eligibility criteria for long-term visas.
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According to COINOTAG, the regulatory bodies warn investors to verify information through official channels to avoid falling prey to misinformation or fraudulent schemes.
UAE regulators debunk Toncoin visa rumors, stressing no crypto-linked residency exists; investors urged to rely on official guidance amid rising misinformation.
UAE Regulatory Authorities Refute Toncoin Golden Visa Claims
In a decisive move to curb misinformation, the United Arab Emirates’ Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), Securities and Commodities Authority (SCA), and Virtual Assets Regulatory Authority (VARA) jointly dismissed circulating reports that Toncoin holders could secure golden visas by staking their tokens. This clarification comes amid growing speculation on social media and crypto forums, which falsely linked blockchain assets to immigration benefits. The agencies reaffirmed that long-term residency visas are granted only to select groups such as real estate investors, entrepreneurs, and individuals with exceptional talents, based on established legal frameworks rather than digital asset ownership.
Impact on Toncoin Market and Investor Sentiment
Following the official denial, Toncoin’s market value experienced a noticeable decline, reflecting investor disappointment over the collapse of expectations tied to the rumored visa program. Market analysts note that such misinformation can significantly affect asset prices, especially in the volatile virtual asset sector. The SCA emphasized that digital assets are regulated separately from immigration policies, urging investors to exercise caution and seek information exclusively from authorized government sources. This incident underscores the critical need for transparency and due diligence in the rapidly evolving crypto ecosystem.
VARA’s Warning on Unlicensed Crypto Projects and Consumer Protection
The Dubai-based Virtual Assets Regulatory Authority (VARA) issued a stern warning regarding the TON project’s licensing status, clarifying that it is not authorized or supervised by the agency. VARA stressed the importance of engaging only with licensed entities to safeguard consumer interests and mitigate risks associated with unregulated virtual asset activities. This advisory aligns with the UAE’s broader regulatory approach aimed at fostering a secure and compliant environment for digital asset transactions, reinforcing the message that no cryptocurrency currently confers immigration privileges.
Official Guidance and Investor Precautions
Authorities concluded their statement by urging investors to remain vigilant against false claims linking cryptocurrencies to immigration benefits. They highlighted that no digital currency, including Toncoin, provides eligibility for UAE visas. The public is encouraged to verify all related information through official government portals and avoid reliance on unverified social media content. This approach is crucial to maintaining market integrity and protecting investors from potential scams or misinformation campaigns.
Conclusion
The UAE’s unified response to the Toncoin visa rumors serves as a critical reminder of the importance of regulatory clarity and investor education in the digital asset space. By firmly rejecting the existence of any crypto-linked residency program, the authorities have reinforced established immigration policies and underscored the need for cautious, informed investment decisions. Moving forward, stakeholders should prioritize official communications and regulatory compliance to navigate the complex intersection of blockchain technology and financial governance effectively.
