The coin erases some gains after clarifying the golden visa star-news.press/wp

The original cryptocurrency of the open network has regained 6 % of its highest level 24 hours after the UAE Arab organizers refuted allegations that Staking Toncoin (TON) could create a path to Emirati residence.

Toncoin initially shot An increase of 10 % to $ 3.03 on Sunday, after the open network claimed that applicants for $ 100,000 from Toncoin for a period of three years make applicants eligible for the Golden Visa Program in the United Arab Emirates.

However, the encrypted currency that was partially recovered after the Emirates News Agency participated in a joint statement from many organizers denying this claim.

TON is now trading at $ 2.84, which is a 6 % decrease from the highest level recently published over 24 hours.

The UAE collapses in the demand for the golden visa

TON claimed that applicants who share $ 100,000 from TON for three years and pay 3 $ 35,000 treatment fees for one time will be qualified to obtain a 10 -year gold visa.

Telegram Pavel Durov CEO added to speculation by Re -post Announcing X of Crypto Sefection Ash Crypto on Sunday, although he did not make any official comment.

However, the Emirates News Agency later reported on Monday that the Federal Authority for Identity, Citizenship, Customs Security, Port Security, Securities and Commodities, and the organizational body of virtual assets that golden visas are not issued to digital asset holders.

They also made it clear that digital currency investments are subject to specific regulations and have nothing to do with the eligibility of the golden visa.

“The authority also confirmed that digital currency investments are subject to specific regulations and have nothing to do with the eligibility of the golden visa. Investors have urged to obtain information from reliable or official sources to avoid wrong information or fraud.”

Cointelegraph has arrived at Ton Foundation, Manuel Stotz and CEO MAX Crown for comment.

The eligibility of the golden visa

The golden visa is a long -term residence visa provided by the United Arab Emirates government in 2019 to attract skilled individuals to the region.

It enables foreign nationals to live, work and study in the United Arab Emirates without the need for a national sponsor, with visa periods ranging from five to 10 years, According to The Federal Authority for Identity, Citizenship, Customs and Port Security.

Related to: “Is this real?” Chic asks the Ton’s Eae Golden visa, as government sources remain silent

In order to be qualified, users must meet strict criteria, such as having special skills, such as being a doctor, scientist or researcher.

Investors can obtain a golden visa if they have public investments worth 2 million unified Arab aircraft ($ 544,000) or more.

Entrepreneurs can also be eligible if they own a registered startup company recognized by the technology -based UAE authorities.

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