tldr; The TON Foundation’s initiative to offer a 10-year Golden Visa to Toncoin investors in the UAE was rejected by Emirati authorities, who clarified that crypto investments do not qualify for such visas. The program, which required a $100,000 Toncoin investment and $35,000 in fees, lacked official government approval. This highlights the tension between crypto innovation and regulatory frameworks, as the UAE maintains strict criteria for Golden Visas, excluding cryptocurrencies for now. Refunds for rejected applications were promised by the project’s partner, Peravel agency.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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Not permission-less?
tldr; The TON Foundation’s initiative to offer a 10-year Golden Visa to Toncoin investors in the UAE was rejected by Emirati authorities, who clarified that crypto investments do not qualify for such visas. The program, which required a $100,000 Toncoin investment and $35,000 in fees, lacked official government approval. This highlights the tension between crypto innovation and regulatory frameworks, as the UAE maintains strict criteria for Golden Visas, excluding cryptocurrencies for now. Refunds for rejected applications were promised by the project’s partner, Peravel agency.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.