the Golden Visa project does not have official UAE support

TON Foundation recently clarified that its digital residency initiative does not have any formal support from the government of the United Arab Emirates. This statement comes in response to rumors about official involvement in the innovative procedures related to the Golden Visa, which have fueled expectations and debates in the blockchain community.

Golden Visa TON Foundation: clarifications after the rumors

The weekend saw numerous reports emerge that Toncoin, the main token of The Open Network, had launched a revolutionary Golden Visa program. According to these sources, participants could obtain long-term residency simply by staking crypto, instead of meeting the traditional minimum income requirements.

However, the TON Foundation promptly released an official statement to clarify the true nature of the initiative. The organization wanted to emphasize that the rumors about the launch of the Golden Visa in collaboration with the authorities of the United Arab Emirates are without formal basis.

Origin of the project: independent collaboration

A central part of the statement concerns the very essence of the project: the TON Foundation clarifies that it is a concept developed in independent collaboration between TON and an authorized partner, specialized in blockchain infrastructure and tokenized assets. Therefore, there are no agreements with government entities of the Emirates nor official promotions of the Golden Visa directly linked to the authorities.

The fondazione specifies: 

“There is no official Golden Visa program launched in partnership with the government of the United Arab Emirates. No government approval has been granted to TON.”

Digital residency: an initiative still in its early stages

The attention of the subjects involved in the discussion also focuses on the experimental aspect of the proposal. In fact, TON Foundation reiterates that it is an embryonic phase, aimed at exploring how the blockchain could facilitate potential access to residency in the future in a compliant manner.

An essential aspect highlighted in the statement concerns the lack of guarantees: each application submitted through the pilot project does not provide any certainty of visa issuance. In fact, the issuance of visas and residence permits remains exclusively under the jurisdiction of the governmental bodies of the United Arab Emirates, as established by the current regulations.

Reactions of the UAE authorities: no official approval

To strengthen the position of the TON Foundation, three key institutions from the Emirates will also intervene:

• Federal Authority for Identity, Citizenship, Customs and Port Security (ICP)
• Securities and Commodities Authority (SCA)
• Virtual Assets Regulatory Authority (VARA)

A joint statement from these entities has indeed reaffirmed that no official program of digital residency or investment visa has been approved or initiated in collaboration with TON.

Maximum transparency and regulatory compliance

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A key element that emerges from the official statements of TON Foundation is the desire to ensure regulatory rigor and transparency in communications. The foundation indeed supports: “We welcome the clarity provided and appreciate the ongoing commitment of the United Arab Emirates to regulatory transparency. Should a formal collaboration materialize in the future, it will be communicated openly and through official channels.”

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This position demonstrates how, in the dialogue on new digital residency and investment tools, trust is based on timely communication, in accordance with industry standards and regulations in force in the main hubs of the digital economy.

Blockchain and digital residency: an evolving scenario

The growing attention towards digital residency solutions and the search for alternatives to traditional pathways for accessing Golden Visa reflect the dynamism of the sector. However, as highlighted by TON Foundation, every advancement must necessarily align with the principles of compliance and legality established by the competent institutions.

In fact, the choice to propose a project based on staking of digital assets to obtain residency does not eliminate the decisive role of local authorities, who remain the exclusive arbiters in the issuance of permits.

Future prospects and impact on the TON ecosystem

The announcement by TON Foundation marks a crucial milestone in the process of building a clear and transparent relationship between blockchain technology and real administrative procedures. The digital residency initiative should therefore be framed as a frontier experiment, which can offer concrete insights only if it is officially recognized and regulated.

In the meantime, the TON ecosystem consolidates its image by focusing on transparency and regulatory responsibility. The position taken by the foundation also invites investors to carefully consider the solidity of the news circulating in the digital asset market, favoring authoritative sources and official updates.

The regulatory variability and the opportunities for the future

The guidelines set by the TON Foundation therefore suggest that any real possibility of converting digital residency into actual residency will have to wait for further institutional steps. In the meantime, attention to regulatory compliance, collaboration with specialized partners, and openness towards authorities represent the directions on which to base a healthy and sustainable growth of the sector.

In conclusion, the initiative related to the Golden Visa proposed by the TON Foundation represents an initial test of how blockchain can be applied to complex administrative processes. The path towards a real impact on the international market, however, depends on official recognition and full compliance with local laws. Observing these developments with a critical spirit remains essential for those who wish to seize the opportunities offered by digital innovation.