BITPRISMIA
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Toncoin (TON) is struggling to break the $3 resistance level, trading at $2.81 with technical indicators suggesting potential reversal but facing challenges from market sentiment and lack of recent developments.
Emirates Group and Dubai Duty Free have signed MoUs with Crypto.com to adopt cryptocurrency payments, as part of the UAE's broader digital transformation strategy.
The Dubai Financial Services Authority has approved the QCD Money Market Fund, a tokenized fund backed by Qatar National Bank and DMZ Finance, aimed at integrating traditional financial instruments with blockchain technology.
The TON Foundation's claim about staking Toncoin for UAE residency was debunked by UAE regulators, leading to criticism and the foundation's attempt to clarify its role.
TON has launched a UAE Golden Visa initiative for Toncoin holders, allowing them to secure a 10-year visa by staking 100,000 TON for three years and paying a $35,000 processing fee.
HSBC, in collaboration with ADX and FAB, has launched the MENA region's first digitally native bond on blockchain using its Orion platform, marking Orion's debut in the Middle East.