The price of Toncoin decreases by 10 %, and the United Arab Emirates calls the unofficial Visa Golden program star-news.press/wp
Toncoin Price has witnessed a 10 % sharp decrease after the United Arab Emirates authorities refuted the tastes that residency in the cryptocurrency can qualify investors for a golden visa. The correction follows a brief increase in the price of Toncoin earlier when the official website of the project launched a promotional campaign that provides a golden visa in the United Arab Emirates for users who share at at least $ 100,000 of TON.
The Emirates authorities deny Toncoin’s involvement in the golden visa scheme
in Joint Issued on July 6Three organizational bodies of the United Arab Emirates, the Federal Authority for Identity, Citizenship, Customs Security and Ports (ICP), Securities and Commodities Authority (SCA), and the Virtual Assets Organizational Authority (VARA) It can lead to the eligibility of the country’s golden visa program.
The assumption of the Al -Aseel Commission stated that golden visas are granted only based on specific guidelines that focus on areas such as real estate, science, technology, entrepreneurship and humanitarian work. Investors cryptic currency do not qualify.
Moreover, both SCA and Vara mentioned that digital assets are subject to different rules that are not related to the golden visa system. VARA also noticed that TON has no license or regulation from his office, and any connection to the unauthorized visa program.
It is worth noting that the founder of the Binance Changpeng Zhao expressed doubts about the legitimacy of the presentation from the TON Foundation Foundation. like Coingaape mentionedCZ referred to conflicting information in their announcement. He also asked why there was no official press release from the government to support the initiative.
The authorities urged the public to use official government sites to obtain accurate information and warned against relying on unaccodeible offers online. This reaction led the investors to doubt the legitimacy of the campaign and contributed to the low price of Toncoin.
The price of Toncoin sees a 10 % decrease
The price of Toncoin decreased by 10 % after the United Arab Emirates rejected any contact with a golden visa campaign. This decrease erased earlier from a 12 % increase that occurred when TON stated that the investment of $ 100,000 per ton can lead to a golden visa for investors. This news has bought more speculation in the encryption market.
The investor’s negative confidence soon turned when the main organizational bodies in the United Arab Emirates rejected any link to the golden Toncoin visa. Many investors have begun to doubt the claims of the TON Foundation Foundation. Without official approval, they are concerned that promotional offers can mislead people, which led to a rush to sell their holdings.
Investors felt their misinformation due to promises of residency benefits that lack government support, which increased their lack of confidence. This led to the sharp market correction, which indicates a clear need for transparency and accountability in encryption ads.
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2025-07-07 07:51:00
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