Golden Visa Claim via Toncoin Staking Denied by UAE Regulators, Crypto Market in Turmoil

Shocking news emerged from the TON Foundation, the organization managing the Toncoin (TON) ecosystem, which claimed to offer an alternative pathway to obtain the United Arab Emirates (UAE) 10-year Golden Visa through a crypto staking scheme. In its proposal, prospective applicants were required to stake Toncoin worth USD 100,000 for three years and pay a one-time administrative fee of USD 35,000. The process was claimed to be completed in less than seven weeks and to cover immediate family members, including spouses, children, and parents.

The TON Foundation also stated that the staked funds could be withdrawn after the three-year period, along with an annual yield of approximately 3–4%.

However, this claim was immediately refuted by UAE’s official authorities. In a joint statement, the Federal Authority for Identity, Citizenship, Customs and Port Security, the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) asserted that the Golden Visa cannot be obtained through investments or staking in crypto assets.

Furthermore, VARA emphasized that Toncoin is neither registered nor licensed as a recognized crypto asset in Dubai. UAE authorities also urged the public to rely solely on official sources and to remain cautious of unclear or potentially misleading investment offers.

Market Impact: TON Price Spiked, Then Corrected

The initial announcement from the TON Foundation briefly triggered a surge in Toncoin’s price by 10–12%, pushing it above the USD 3 mark. However, following the clarification from UAE regulators, TON’s price corrected by 6–10%, falling back to around USD 2.8.

Conclusion: Official Channels Remain the Priority

The claim that Toncoin staking provides fast-track access to the UAE Golden Visa has proven unsupported by the government. Authorities reaffirmed that the official pathways to obtaining the Golden Visa remain through real investments, skilled professional contributions, or involvement in strategic sectors, in accordance with existing regulations.

Investors are advised to exercise caution and not be swayed by hype or unrecognized offers that lack legal backing.