Altcoins News
By Steven Anderson
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No Official UAE Government Endorsement. The initial reports claimed that by staking Toncoin — the native token of The Open Network — users…
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Pilot Program Not Linked to Real Residency Issuance. Importantly, TON emphasized that the digital residency concept is still in the early exploration…
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Upholding Regulatory Integrity. In response to the official clarification by UAE agencies, the TON Foundation expressed its…
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What Comes Next?. The false reports had initially triggered excitement in the crypto community.
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Conclusion. The TON Foundation’s swift and direct response signals its commitment to regulatory compliance and…
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The TON Foundation has stepped in to address widespread confusion surrounding a digital residency program that recently made headlines across crypto media.
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On Monday, the foundation issued a formal statement to clear the air. “The TON Foundation is aware of the premature announcement that circulated on X regarding a UAE Golden Visa…
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However, TON Foundation firmly stated that no such visa program has been created in collaboration with the UAE government.
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“There is no official Golden Visa program launched in partnership with the government of the United Arab Emirates,” TON confirmed.
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To reinforce their position, TON highlighted a joint statement issued by key UAE regulatory bodies — the Federal Authority for Identity, Citizenship, Customs and Port Security…
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In response to the official clarification by UAE agencies, the TON Foundation expressed its appreciation for the regulatory clarity provided.
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TON further reiterated that its broader mission remains centered around responsible blockchain innovation.
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The false reports had initially triggered excitement in the crypto community. A staking-based pathway to residency was seen as a novel model that could expand the utility of…
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But as the dust settles, it’s now clear that the digital residency concept tied to TON is still far from being formalized.
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Even so, the controversy surrounding the Golden Visa misunderstanding has placed a spotlight on growing interest in the integration of blockchain technology with cross-border…
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