UAE Regulators Dismiss Toncoin Residency Rumors

United Arab Emirates authorities have formally denied reports linking Toncoin (TON) ownership or staking to long-term visa eligibility, calling the circulating claims inaccurate and misleading.

In a rare collaborative announcement, the country’s top regulatory bodies—the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Dubai-based Virtual Assets Regulatory Authority (VARA)—collectively addressed what they described as “false information” surrounding crypto-linked residency offers. The agencies clarified that no digital asset, including Toncoin, has any bearing on immigration status or residency programs in the country.

The statement was prompted by widespread speculation online suggesting that staking TON tokens could grant investors access to the UAE’s prestigious “golden visa.” Regulators responded swiftly, stating that such long-term residency options remain strictly limited to officially recognized categories such as entrepreneurs, investors in property, and individuals with outstanding professional achievements.

Toncoin’s market responded sharply to the regulatory clarification, with the token’s price retreating as optimism over the rumored visa pathway faded.

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The SCA emphasized that digital assets operate under distinct and carefully defined regulatory guidelines, and warned that any suggestion of crossover into immigration or visa privileges is baseless. Investors were urged to consult only official government sources for residency-related matters and to be wary of social media rumors.

Meanwhile, VARA issued a separate note cautioning that the TON project is not licensed by the authority. The agency advised the public to avoid engaging with unregulated crypto entities, highlighting the increasing risks of misinformation in the digital asset space.

Authorities closed their message with a firm reminder: holding or staking cryptocurrency—Toncoin or otherwise—does not entitle any individual to immigration benefits in the UAE. Investors are encouraged to exercise caution and seek reliable information from approved government channels.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.