Toncoin TON: Foundation Clarifies No UAE Government Ties to Blockchain Visa Proposal

The TON Foundation has quickly addressed rumors about a potential partnership with the United Arab Emirates government concerning a blockchain-based Golden Visa program. Speculation on social media had indicated that staking Toncoin might secure long-term UAE residency, but the foundation clarified this was merely an independent concept still under development.

In a statement released Monday, the foundation stressed there is no official collaboration with UAE authorities. "The premature announcement circulating on X regarding a UAE Golden Visa initiative offered by TON requires clarification," the foundation stated, acknowledging community excitement while correcting the record.

The proposed program, developed alongside a licensed third-party partner, had generated significant buzz in crypto circles as a potential milestone for blockchain applications in global mobility. However, the foundation's intervention highlights the need to verify institutional partnerships before such claims gain widespread traction.