The native cryptocurrency of the open network returned to 6% from 24 hours high after United Arab Emirates regulators denied claims that staking toncoin (tonnea) could create a residence path in the UAE.
Toncoin at first Shot up to 10% to $ 3.03 in the week after The open network It is claimed that applicants running $ 100,000 worth of toncoin in three years are making applicants deserving the UAE’s Golden Visa Program.
However, the Cryptocurrency Slightly retreats after the Emirates news agency shared a joint statement from several regulators who denied that claim.
TON is now trading at $ 2.84, a 6% cut from the recently posted 24-hour height.
UAE does not argue with gold visa claim
Ton claimed that applicants who hold $ 100,000 worth of tons in three years and pay a one-time $ 35,000 processing fee is eligible for a 10-year gold visa.
Telegram CEO Pavel Durov added to Haka -ha’s Reposting X announced from Crypto influencer Ash Crypto on Sunday, even though he had no official comment.
However, the Emirates news agency later reported Monday That the federal authority for identity, citizenship, custom and security in the port, the security and commodity authorities, and the virtual regulatory authorities said the gold visas were not issued to digital asset holders.
They also clarified that investments in digital currency are governed by specific regulations and are not related to the qualitation of Golden Visa.
“Authorities have further confirmed that investments in digital currency are managed by specific regulations and is not related to the right of Golden Visa. It encourages investors to obtain information from the belief, official resources to avoid misinformation or fraud,” the Emirates news agency reported.
Cointelegraph took the Ton Foundation, President Manuel Stotz and CEO Max Crown to comment.
Being worthy of Golden Visa
Golden Visa is a lasting residence visa introduced by the UAE government in 2019 to attract skilled individuals in the region.
It allows foreign nationality to live, work, and study in the UAE without the need for a national sponsor, with visa durations from five to 10 years, According to to the federal authority for identity, citizenship, custom and security in port.
Related: ‘Is this true?’ Cz question ton ton’s uae golden visa while gov’t resources are silent
To be worthy, users must meet strict standards, such as having special skills, such as being a doctor, scientist, or researcher.
Investors can receive a gold visa if they have public investments worth 2 million United Arab Emirates Dirham ($ 544,000) or more.
Entrepreneurs may also be eligible if they own a registered startup recognized by the UAE authorities based on tech.
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