INSUBCONTINENT EXCLUSIVE:
Update (July 6 at 11:30 pm UTC): This article has been updated to include an official response from UAE regulators denying reports of golden
visas being issued to digital currency investors
of any official announcement from UAE government sources.As Cointelegraph reported, The Open Network announced on Saturday that 10-year UAE
Golden Visas will be available to applicants who stake at least $100,000 worth of Toncoin (TON) for three years and pay a $35,000 processing
Telegram CEO Pavel Durov has confirmed the news
within a few hours, according to CoinMarketCap.Cointelegraph could not independently verify the news, as the announcement did not appear on
the websites of the Ras Al Khaimah Emirate DAO, Securities and Commodities Authority (SCA), Virtual Asset Regulatory Authority (VARA) or Abu
were being offered to cryptocurrency investors
blockchain-based companies, thanks to its favorable regulatory environment, government support and infrastructure that welcomes DeFi and
Many of these advantages were highlighted at the recent Token2049 conference in Dubai, which CZ attended.As Cointelegraph recently reported,
developed in partnership with layer-1 blockchain peaq, aims to reward tokenholders with a share of the revenues generated by machine economy
The initiative also seeks to create real-world use cases for decentralized physical infrastructure (DePIN) networks.The UAE has also
positioned itself as a key player in tokenized real estate, with Dubai launching the first licensed tokenized real estate project in the
Middle East and North Africa
The initiative is a collaboration between the Central Bank of the UAE, the Dubai Futures Foundation and the Dubai Land Department.In May, a
