UAE Authorities Clarify Regulations Amidst Cryptocurrency Visa Rumors

1 min read
Source: CoinDesk
UAE Authorities Clarify Regulations Amidst Cryptocurrency Visa Rumors
Photo: CoinDesk
TL;DR

The TON Foundation announced a program allowing users to stake $100K worth of Toncoin and pay a $35K fee for a fast-tracked UAE Golden Visa, leading to a 12% surge in Toncoin's price and increased market activity, though the initiative faces skepticism over its official backing and legitimacy.

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