Former Benance CEO Changpeng “CZ” Jhao has questioned the validity of the new route of the open network for UAE’s residency, taking into account the absence of any official announcement from the sources of the UAE government.
As Cointelegraph reported, the open network announced on Saturday that 10 -year -old UAE Golden Visa would be available to applicants who hold a toncoin (ton) worth at least $ 100,000 for three years and pay $ 35,000 processing fee. The visa can be allegedly secured within seven weeks.
“Is it real?” CZ asked on X in response to the announcement. “It would be great if this is true. But I have received conflicting information till now.”
“There is no official village website with” Stake Ton for Golden Visa “updates,” CZ said, “CZ said, if there is any government unit, if there was any lack of information about which government unit,” the program was approved.
CZ is familiar with the UAE resident requirements, when he first reached the country, he received a golden visa.
In response to CZ’s post, some X users reported that Telegram CEO Pavel Durov confirmed the news. Durov Posted again Announcement on X from Ash Crypto’s affected Ash Crypto.
Nevertheless, CZ had reservation, stating that he likes to “trust but verify”.
Nevertheless, the announcement was enough to send the price of tons more rapidly, with a token rally more than 11% rally within a few hours.
Cointelegraph could not verify the news independently, as the announcement did not appear on the websites of Ras al Khamerat Dow, Securities and Commodities Authority, Virtual Asset Regulatory Authority or Abu Dhabi Global Market Authority until Sunday afternoon.
However, as original Announcement Said, the Golden Visa program is being managed by a third party.
“Our visa -issuing partner in UAE will review your details and guide you through the final stages,” Ton said.
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UAE has become a major crypto and blockchain hub
The UAE has emerged as a rapidly growing hub for adopting cryptocurrency and for blockchain-based companies, thanks to its favorable regulatory environment, government support and infrastructure that welcomes DEFI and Web 3 projects.
Many of these benefits were exposed at the Tokeen2049 conference in Dubai recently, which was attended by CZ.
As recently cointelegraph reported, UAE has launched a machine economy free zone to detect robotics, AI and decentralization intersection.
The new sandbox developed in partnership with Layer -1 blockchain PAQ is to reward tokeelets with part of revenue generated by machine economy activities. The initiative also tries to create cases of real -world use for decentralized physical infrastructure (depin) network.
The UAE has also deployed itself as a prominent player in the immovable property of tokens, with Dubai launched the first licensed token real estate project in the Middle East and North Africa. The initiative is a cooperation between UAE’s Central Bank, Dubai Futures Foundation and Dubai Land Department.
In May, the $ 3 billion real estate blockchain deal contributed to the increase in the sales of Dubai’s assets.
https://www.youtube.com/watch?v=tyo993t72ms
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