Key Takeaways
- UAE regulators have denied claims that crypto staking on TON qualifies for the Golden Visa program.
- A joint statement from the country’s top financial authorities warns the public against false reports.
- Despite the denial, TON’s official site is still promoting the visa-staking opportunity.
The buzz around a new “crypto staking for residency” scheme in the UAE turned out to be just that, buzz.
Reports suggesting that the Emirates was granting Golden Visas in exchange for staking Toncoin (TON) have been officially shut down by the country’s top regulators.
UAE Regulators Deny Crypto-Based Golden Visa Reports
In a rare joint statement issued on July 6 , the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP), the Securities and Commodities Authority (SCA), and the Virtual Assets Regulatory Authority (VARA) dismissed the TON-linked visa program as false and unapproved.
They emphasized that Golden Visas are granted only through formal, government-approved channels, not via unofficial crypto promotions.
The UAE’s Golden Visa program , launched in 2019, offers investors, professionals, and entrepreneurs a 5- or 10-year residency option.
The TON staking offer promised a 10-year visa in exchange for $100,000 worth of staked TON (locked for 3 years) plus a $35,000 processing fee.
That “deal” gained attention over the weekend, with crypto X buzzing about what appeared to be a breakthrough moment for blockchain-based residency.
Even former Binance CEO Changpeng Zhao (CZ) chimed in , suggesting that BNB could explore similar avenues until the official denial dropped.
Oddly, TON’s official website continues to advertise the staking-for-visa option, hours after the UAE regulators issued their warning.
The banner at the top of the site still invites users to “Get Your UAE Golden Visa” through staking.
While the crypto community was quick to celebrate the idea, others urged caution. Some noted that the program seemed too good to be true, especially given the UAE’s tight control over immigration and financial compliance.
If It Sounds Too Good to Be True
The UAE has built a strong reputation as a digital asset hub . From establishing crypto-friendly free zones to leading real-world asset tokenization programs, it’s clear the country welcomes innovation.
But even in such a forward-thinking environment, crypto visas aren’t a thing, at least not yet.
So if you were planning to stake your way into the Emirates, you’ll need to rethink that plan. And as always: DYOR—Do Your Own Research.
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