INSUBCONTINENT EXCLUSIVE:
The foundation behind The Open Network (TON) has released a statement clarifying its role in a program that could lead to legal residency in
The group added that any authority for the program rested entirely with the UAE government entities and was subject to applicable laws and
hours after TON said it would be offering 10-year golden visas for the UAE
Securities and Commodities Authority and the Virtual Assets Regulatory Authority, who published a joint statement clarifying that the visas
The story may have also gotten traction after Telegram CEO Pavel Durov retweeted an X post with details of the program
Its offer of a golden visa using $100,000 in staked Toncoin (TON) could be significantly cheaper than conventional routes through official
channels, often requiring a minimum $540,000 investment in illiquid assets.Other countries have offered pathways to residency through
significant investments, though not always related to cryptocurrencies like Bitcoin (BTC)
program in February, allowing investors willing to pay $5 million or more for legal residency in the country
According to US Commerce Secretary Howard Lutnick, roughly 70,000 people had signed up for the initiative as of June 17
