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BTCC / BTCC Square / Global Cryptocurrency /
Toncoin (TON) Price Swings After UAE Denies Golden Visa Claims Linked to Staking

Toncoin (TON) Price Swings After UAE Denies Golden Visa Claims Linked to Staking

Author:
Global Cryptocurrency
Published:
2025-07-07 02:30:16
13
1
[TRADE_PLUGIN]TONUSDT,TONUSDT[/TRADE_PLUGIN]
Toncoin TON News -

Toncoin ($TON) experienced significant volatility following The Open Network's disputed claims about UAE residency through crypto staking. The token initially surged 10% to $3.03 before dropping 6% after regulatory pushback.

The TON Foundation had proposed a streamlined golden visa pathway—requiring $100,000 staked for three years plus a $35,000 fee—contrasting with traditional $540,000 real estate investments. UAE authorities issued a joint statement via Emirates News Agency, firmly rejecting the program's legitimacy.

This market reaction demonstrates crypto's sensitivity to regulatory developments. The incident highlights the disconnect between blockchain marketing and government frameworks in emerging crypto hubs like Dubai.

|Square

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