- UAE authorities have denied claims that staking $100,000 in Toncoin can secure a Golden Visa, calling the program unauthorized and misleading.
- They warned investors to rely only on official channels for residency information to avoid legal or financial risk.
The United Arab Emirates has officially denied recent claims that investors can secure a 10-year Golden Visa by staking Toncoin. A program promoted online suggested that staking $100,000 worth of Toncoin, along with a $35,000 fee, could grant UAE residency. However, authorities have clarified there is no legal basis for this offer.
The announcement aims to protect investors from misleading schemes targeting crypto holders and to reinforce that digital asset investments do not qualify for UAE residency.
No Golden Visa Through Toncoin
On July 6, three UAE federal authorities — the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) — jointly dismissed the Toncoin-backed visa program. The campaign promised annual returns of 3–4% and visas for family members, but it lacks any government endorsement.
Authorities emphasized that Golden Visas are available only under strict legal frameworks. These include categories such as exceptional students, scientists, entrepreneurs, and approved real estate investors. Crypto staking does not meet any of these qualifications.
TON Not Regulated for Residency Purposes
VARA clarified that Dubai authorities do not authorize or regulate Toncoin (TON) for residency-related services. They warned the public to avoid engaging with unofficial offers or paying processing fees to third-party facilitators.
Instead, applicants should always verify visa opportunities through trusted sources like icp.gov.ae, the UAE’s official immigration platform.
Experts Raise Concerns Over Legitimacy
Although the offer attracted attention due to its lower financial entry point compared to the standard AED 2 million (~$540,000) investment route, experts say the program appears to serve as a token promotion strategy rather than a genuine immigration path. The $35,000 fee, in particular, was flagged as benefiting third-party platforms without guaranteeing any legal residency rights.
Conclusion: Follow Verified Visa Processes
The UAE continues to welcome blockchain innovation but draws a clear line between regulated finance and unauthorized marketing. Investors are urged to avoid high-risk schemes and ensure all visa applications follow legal, government-approved procedures.
ALSO READ:Toncoin Rally Continues: Key Levels to Watch as Bulls Eye $3.30
DISCLAIMER:
The views and opinions expressed herein are solely those of the author and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.
