The native cryptocurrency of the open network has retreated 6% from its 24-hour height after the United Arab Emirate regulators denied claims that tonquine (ton) can create a route for UAE residence.
Initially tanquine shot After claiming by the open network, on Sunday, on Sunday, it was claimed from 10% to $ 3.03 that applicants of trancoins worth $ 100,000 for three years make applicants eligible for UAE’s Golden Visa program.
However, Cryptocurrency partially withdrawn after the Emirates news agency shared a joint statement with several regulators, refusing the claim.
Ton is now trading at $ 2.84, which is 6% reduction from the recently posted 24-hour height.
UAE dispute claims golden visa
Ton claimed that the applicants who hold a $ 100,000 tonne stake for three years and pay $ 35,000 processing fee once will be eligible for a 10 -year golden visa.
Speculation was added by Telegram CEO Pavel Durov Posting again On Sunday, Crypto’s affected Ash Crypto announced X, although he did not make any official comments.
However, the Emirates News Agency later reported on Monday that the Federal Authority for Identification, Citizenship, Customs and Port Safety, Securities and Goods Authority, and Virtual Assets Regulatory Authority has said that the Golden Visa is not released to the digital asset holders.
He also clarified that digital currency investment is ruled by specific rules and is unrelated to golden visa eligibility.
“The authority further confirmed that digital currency investments are ruled by specific rules and are unrelated to golden visa eligibility. It urged investors to get information from reliable, official sources to avoid misinformation or fraud,” Emirates News Agency said.
Cointelegraph reached the ton foundation and CEO Max Crown for comment.
Gold visa eligibility
The Golden Visa is a long -term residence visa launched by the UAE government to attract skilled individuals in the region at 2019.
This enables foreign nationals to live, work and study in the United Arab Emirates without the need of national sponsors, with a duration of visa from five to 10 years, According For the Federal Authority for Identification, Citizenship, Customs and Port Safety.
Connected: ‘Is it real?’ CZ Question Ton’s UAE Gov’T Source remains silent as a golden visa
To be eligible, users must meet strict criteria, such as special skills, such as doctors, scientists or researchers.
Investors can get a golden visa if they have a public investment of 2 million United Arab Emirates ($ 544,000) or more.
If they own a registered startup recognized by UAE officials, entrepreneurs may also be eligible.
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