Toncoin (TON) Investor Golden Visa Claims Denied

According to breaking news, the claims that Toncoin (TON) investors were granted a “golden visa” in the United Arab Emirates (UAE) have been denied by official authorities.

The Federal Agency for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulation Authority (VARA) issued a joint statement, asserting that rumors circulating on some websites and social media do not reflect the truth.

Following this development, there was a sudden drop in the TON price:

The ICP’s statement clarified that golden visas are granted only within the framework of officially approved criteria, which do not include digital currency investments. Eligible categories for golden visas include:
– Real estate investors
– Entrepreneurs
– Exceptional talents
– Scientists and experts
– Successful students and graduates
– Humanitarian aid pioneers
– Frontline workers during the pandemic

The SCA emphasized that the UAE adheres to international standards in financial sector regulation, prioritizing transparency and investor confidence. They noted that digital asset investments are regulated and unrelated to the golden visa program. Investors are encouraged to seek information only from official sources to avoid misinformation and scams.

VARA also categorically denied claims that digital asset investors received golden visas. They strongly advised that investors only transact with fully licensed and regulated companies. The statement stressed that consumer protection is a priority in services and investments related to virtual assets. VARA also noted that the company named “TON” is not licensed or regulated by the institution.

*This is not investment advice.