An official assertion got here from the TON Basis after UAE authorities rejected these information following claims that Golden Visas (Golden Visas) may be obtained in change for Toncoin (TON) within the United Arab Emirates (UAE).
In a weblog put up, Ton Basis introduced that the initiative is an unbiased collaboration between Toncoin and its licensing companions specializing in blockchain infrastructure and tokenized property. The assertion famous that the work doesn’t have any direct or oblique relationships with UAE authorities companies.
“We perceive the neighborhood's curiosity and pleasure about this situation, however we need to make clear. This initiative has not been applied in a proper partnership with the UAE authorities and Toncoin has not been granted official approval.”
The Ton Basis mentioned the initiative remains to be in its early phases and is barely investigating how regulatory-compliant blockchain infrastructure may be built-in into residency applications sooner or later. It additionally jogged my memory that the appliance alone doesn’t assure the issuance of a visa, and that the ultimate choice is determined by the related UAE authorities.
The assertion additionally supported a joint assertion made by the UAE federal authorities for his or her id, citizenship, customs and port safety (ICP), the Securities and Commodities Company (SCA), and the Digital Asset Regulatory Authority (VARA). The assertion clearly states that the Golden Visa program was not launched by Cryptocurrency Funding.
*This isn’t funding recommendation.
