TON coin takes a 6% nosedive after UAE says 'Not so fast' to golden visa dreams
07.07.2025
2032
The Open Network's crypto took a hit after UAE regulators shut down claims that staking Toncoin could buy you a golden ticket to residency.
Just when TON thought it had the golden ticket, UAE regulators slammed the door. The Open Network's coin dropped 6% after officials denied that staking $100K in Toncoin could snag you a 10-year golden visa. Talk about a reality check.
Earlier, TON pumped 10% to $3.03, riding high on the visa hype. But then the Emirates News Agency dropped the mic, clarifying that crypto investments and golden visas don’t mix. Cue the sell-off.
UAE to TON: 'Nice try, but no.'
TON’s big promise? Stake $100K in Toncoin for three years, pay a $35K fee, and voilà—UAE residency. Even Telegram’s Pavel Durov seemed to nod along by resharing the news. But UAE authorities weren’t having it.
Digital currency investments are governed by specific regulations and are unrelated to golden visa eligibility.
Translation: Your crypto stash won’t fast-track you to Dubai’s VIP lounge. Stick to the official rules, folks.
Golden visa 101: How to actually get one
- • Be a doctor, scientist, or other brainiac with 'special skills.'
- • Drop $544K+ in public investments.
- • Run a UAE-approved tech startup (no crypto shortcuts).
Bottom line: If you’re betting on TON for a UAE passport, maybe rethink that strategy. The only thing turning gold here is the exit signs for late sellers.
#Political Impact on Cryptocurrency#Cryptocurrency Investments#regulation#Cryptocurrency market#staking
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