UAE Denies Toncoin (TON) Partnership for Golden Visa Program

The United Arab Emirates has officially denied claims of a partnership with Toncoin (TON) to issue golden visas to cryptocurrency investors. A joint statement from the UAE's Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Virtual Assets Regulatory Authority (VARA), and the Securities and Commodities Authority (SCA) clarified that golden visas are reserved for real estate investors, exceptional talents, and humanitarian pioneers—not digital asset holders.

Toncoin's announcement, which promised a streamlined golden visa process for TON stakers, has been labeled false by UAE authorities. The proposal suggested staking $100,000 worth of TON for three years with a $35,000 processing fee—a fraction of traditional capital requirements—but the government insists no such program exists.

The rebuttal underscores the UAE's cautious approach to crypto integration despite its progressive stance on digital assets. Regulatory clarity remains paramount as jurisdictions navigate the intersection of blockchain innovation and established financial frameworks.