- UAE authorities deny claims of crypto-based Golden Visa eligibility.
- Regulators emphasize official frameworks exclude digital currency investors.
- Toncoin’s market faced volatility following the denial.
The United Arab Emirates government has dispelled rumors concerning the granting of Golden Visas to investors through The Open Network (TON) in a recent statement from regulatory authorities.
Regulatory bodies clarified that Golden Visas are not applicable to cryptocurrency investors, emphasizing adherence to officially approved criteria. This announcement caused a notable impact on Toncoin prices.
The Open Network (TON), linked to Telegram, was involved in promoting the visa eligibility rumor. However, Federal Authority for Identity, Citizenship, Customs and Port Security, and other regulators jointly refuted these claims, asserting formal visa processes exclude digital assets. As stated by a UAE Regulatory Body,
Golden Visas are issued according to officially approved frameworks and criteria, which do not include digital currency investors.
The rumors surrounding crypto-based visas led to a brief Toncoin price rally, peaking at $3.09, before falling by 6% after the denial from UAE authorities. The market response highlights sensitivity to such developments.
Toncoin’s market volatility signals the importance of regulatory clarity. No official funding was linked to TON staking, nor any significant on-chain activity was recorded aligning with the initial visa speculation.
Potential outcomes could include increased scrutiny on crypto investment schemes in residency programs, underscoring hurdles in integrating digital assets into national frameworks. Historical trends point to rapid price reversals in similar cases.
About the author
AI Key to Web3 Competitiveness, Says Gate CEO
Gate.io's CEO Dr. Han states AI will drive Web3's future, enhancing usability and integration.
Binance Initiates First Alpha Box Airdrop Event
Binance launches Alpha Box airdrop, starting at 18:00 UTC, requiring 242 points minimum.
Hong Kong SFC Introduces New Virtual Asset Regulations
Hong Kong's Securities and Futures Commission, led by CEO Julia Leung Fung-yee, announced new virtual asset regulations at Consensus 2026, introducing margin financing and perpetual contracts for select investors.
European Parliament Endorses Digital Euro With Dual Functionality
Pasquale Tridico and 48 EU lawmakers led the February 10, 2026 move in the European Parliament to endorse a digital euro proposal with online and offline capabilities.
Galaxy Digital CEO Predicts Decline in Cryptocurrency Speculation
Galaxy Digital's Mike Novogratz anticipates a shift from speculative to institutional investments in cryptocurrency.
Crypto.com CEO Acquires AI.com for $70 Million in Crypto
Crypto.com CEO Kris Marszalek acquired AI.com for $70 million in cryptocurrency. Unverified claims of a subsequent $500 million offer arise.
Related
Circle Wires USDC Into Crypto’s New Settlement Infrastructure
Circle is positioning USDC inside crypto's emerging settlement infrastructure, signaling a deeper role for stablecoins in market plumbing and payments.
SEC Gives Some Self-Custody Crypto Apps 5-Year Relief
The SEC gave some self-custody crypto apps temporary relief from broker rules until April 2031. Here is what qualifies, what is excluded, and why it matters.
Circle CEO Jeremy Allaire Sees Opportunity for a Yuan-Backed Stablecoin
Circle CEO Jeremy Allaire says a yuan-backed stablecoin could present a tremendous opportunity. Here is the key context, why the remark matters, and what it could mean for crypto markets.
Senator Thom Tillis Says He Is ‘Guardedly Optimistic’ on Stablecoin Legislation
Senator Thom Tillis said he is "guardedly optimistic" about stablecoin legislation and expects to schedule a next step, signaling movement in the crypto policy debate.
Top Crypto News for Wed, Apr 15: CLARITY Act Deadline, Senate Gridlock
Top crypto news for Wed, Apr 15, led by the CLARITY Act's two-week deadline, Senate gridlock, and the wider market and policy themes shaping crypto.
White House Study Challenges Stablecoin Yield Ban as Senate CLARITY Stakes Rise
A White House study is undercutting the case for a stablecoin yield ban, adding pressure to the Senate as CLARITY-related crypto policy debate intensifies.
