In a rare collaborative announcement, the country\u2019s top regulatory bodies\u2014the 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)\u2014collectively addressed what they described as \u201cfalse information\u201d 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.<\/p>\n
The statement was prompted by widespread speculation online suggesting that staking TON tokens could grant investors access to the UAE\u2019s prestigious \u201cgolden visa.\u201d 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.<\/p>\n
Toncoin\u2019s market responded sharply to the regulatory clarification, with the token\u2019s price retreating as optimism over the rumored visa pathway faded.<\/p>