TON Crypto-Backed UAE Visa Plan Rejected by Government

TON Crypto-Backed UAE Visa Plan Rejected by Government

In Summary

  • TON Foundation launched $100k crypto visa plan for UAE
  • UAE denies crypto-based Golden Visa eligibility
  • Telegram and Binance figures voiced support pending clarity
  • Toncoin price rose 5% amid mounting regulatory questions


Catenaa, Thursday, July 10, 2025- The TON Foundation has launched a program claiming to offer a pathway to a 10-year United Arab Emirates (UAE) Golden Visa for individuals who stake $100,000 in Toncoin (TON) and pay a $35,000 processing fee.

However, the UAE government has denied that cryptocurrency investments qualify for the visa.

The initiative, launched in partnership with crypto-native travel firm Peravel, promotes a process that bypasses traditional requirements such as real estate investment, career achievement, or educational credentials.

According to Peravel CEO Ehsan Sattari, the program only requires identity verification and offers visa approval within seven weeks.

The staked TON would remain locked for three years and offer estimated rewards of 3% to 4% annually.

Despite the publicity, the UAE issued a statement through its Emirates News Agency denying any affiliation with the TON Foundation’s offer.

Officials emphasized that digital currency investments fall outside the scope of Golden Visa eligibility and are governed by separate regulatory frameworks.

The proposal drew interest from Binance founder Changpeng Zhao, who said he might consider a similar initiative for BNB-if officially sanctioned.

Telegram CEO Pavel Durov reposted TON’s announcement, and TON Foundation CEO Max Crown thanked UAE partners for their “vision and support,” though the country’s formal denial has cast doubt on the legitimacy of the offer.

Toncoin’s price rose more than 5% after the program’s announcement but may face renewed scrutiny following the government’s rebuttal.

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