TON Foundation Clarifies Golden Visa Project Has No Official UAE Backing
Main Idea
The TON Foundation clarified that its digital residency initiative, including the Golden Visa program, is an independent project without official backing or endorsement from the UAE government.
Key Points
1. TON Foundation stated there is no official Golden Visa program launched in partnership with the UAE government, nor any governmental endorsement granted to TON.
2. The initiative is described as an early-stage exploration of how blockchain technology might support compliant pathways to visa issuance, which remains under UAE authority.
3. TON aligned itself with a joint statement from UAE regulatory bodies, clarifying no approved or launched programs in collaboration with TON.
4. The foundation emphasized its commitment to regulatory transparency and responsible innovation in digital identity and blockchain infrastructure.
Description
The TON Foundation has clarified its involvement in a digital residency initiative after confusion spread across social media regarding a purported UAE-backed Golden Visa program tied to the blockchain network. In a statement released on Monday, the foundation explains that while discussions around a potential digital residency concept are underway, the initiative is not officially endorsed by the United Arab Emirates government. pic.twitter.com/5h9CkG13pA — Sappy Seals (@SappySealsNFT) July 7, ...
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