The Golden Visa slip-up of the Open Network (TON) Foundation in the United Arab Emirates (UAE) features a need for legal compliance and proper evaluation, said a local attorney.
A Premature announcement about ton ton ton ton The community aims to benefit but run to complex local crypto policies, according to neoslegal founder Irina Heaver.
With five regulators administering the activity of Crypto Asset Service Provider ‘(CASP) in the UAE and strict marketing policies by The Virtual Assets Regulatory Authority of Dubai (VARA)Ensuring local compliance requires proper legal assessment.
“Although there is support from local government officials, you still need to promote crypto deals in full alignment with federal and local laws,” Heaver told Cointelegraph, adding regular Casp activities such as staking and token -related offers require specific attention.
Ton Golden Visa Incident: The timeline of events
The Ton Foundation The Golden Visa Program announced last Saturday, saying it would include a Toncoin (Ton) Staking Program to offer gold visas for holders who enter the UAE.
A group of UAE regulators immediately declined The news on Sunday, which issued a joint statement that gold visas were not issued to digital asset holders. Vara highlights that the company behind tonne is not licensed or controlled by the agency.
In a statement today, Ton said it offers to secure a “10-year gold visa with a one-time $ 35,000 processing fee” in addition to staking $ 100,000 in Toncoin for three years.
The foundation is already there Delivered That the announcement is premature and that it is working with a licensed partner independently. The company did not immediately respond to requests for comment.
Telegram CEO Pavel Durov has strengthened the post by rehabilizing crypto influencer Ash Crypto whose “ton has only cooperated with the UAE,” even Durov removed the tweet a day later.
“The TON has just cooperated with the UAE to offer a 10-year gold visa with TON stakers,” said Ash Crypto’s now Removed X post, Retweeted by Durov.
The Retweted Post lived until Monday at 1:00 pm UTC somehow, and then Durov removed it. The original post Stays Live at Ash Crypto until Tuesday at 10:00 am UTC.
Early warning from cz
Some well -known figures in the crypto community, such as former Binance CEO Changpeng Zhao, are Quickly question Ton’s announcement credibility.
“Is this true?” CZ asked X in response to the announcement. “It would be wonderful if it was true. But I got conflicting information to this day,” he said on Saturday.
The CZ specifically determines the lack of official information from the government -related government authorities, which calls on the community to prove the resources, no matter how respectful they are.
Related: Pavel Durov warns that France is experiencing society’s collapse
Despite the early warnings, the announcement of TON’s golden visa Sell-off after UAE authorities refused participation.
LEGAL REVIEWS “CAN MAKE MILLION -MILLIONS”
Despite the initial enthusiasm, the rapid denial of the UAE has become a ton announcement in a caution. Legal experts say this is a reminder that the announcements driven by the hype in the crypto space may backfire when not properly vetted.
“In a fast moving space like ours, it’s tempting to prioritize the Hype and Twitter’s own feed for a day, but in the UAE, the laws have been established,” Heaver said.
“A crypto attorney needs just two to three hours to check marketing materials and potential flag issues, and quick checks can save weeks of headaches of regulatory and millions of Dirhas to the fine,” he said, and added:
“It’s a reminder that legal examination is not a blocker – it’s a builder of sustainable growth.”
Vara refused to comment on the incident more than Cointelegraph, referring to the joint announcement posted on Sunday.
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