Yesterday, news was floating around that anyone who takes 100K US dollars worth of ton coin will be eligible to get a golden visa in the UAE and a lot of new channels covered this update, including many social media influencers. This is great news for sure if it is true, but it looks like this is not the truth, and the Ton Foundation has tried to spread rumours. However looks like we need to wait for some more time to get the clarity on this NEWS UPDATE. If it is a reality, then surely the ton is going to benefit a lot as many people will invest in crypto and hold it to get eligible for the golden visa, but for that purpose, a partnership is necessary that the UAE has denied for now.
Secure your Golden Visa in under 7 weeks from document submission to the Visa Office,” TON announced Saturday, detailing that its UAE-based partners will manage the visa processing and residency status confirmation
The agency has denied that there is any such partnership in place, and no visa will be issued to any digital asset holders, which is confusing and looks like it will require more clarity on this update because the ton is an open network protocol, and it is a popular project in the crypto market. It is hard to believe that they have published news that is not true, but it looks like it surely needs more investigation and better clarity on this update before we conclude.
It is good to see how the crypto market is evolving and bringing more utility and use cases is, anyway, better because that's how more people will be part of it, and when they invest money for different purposes in different protocols, then it strengthens the overall community worldwide. For example, in this case, if people choose to invest in the digital sets who are looking for a golden visa, then it will benefit the person who is investing and also the project where the investment is made, along with the country that is offering the visa facility to the people.
Let's see how it goes and what clarity we get in the next few days about this NEWS UPDATE, and surely it will be clarified by the authorities that it is true or not, so till the time it is good to wait and watch.
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