CZ Questions TONcoin UAE Golden Visa After 11% Price Surge
Changpeng Zhao has cast doubt on the TONcoin UAE Golden Visa scheme, which proposes that staking $100,000 in Toncoin for three years, plus a $35,000 fee, secures a 10-year UAE residence permit within seven weeks. No official statement from UAE authorities such as VARA or SCA has confirmed the program. Despite this, TONcoin’s price surged over 11% after Telegram founder Pavel Durov’s endorsement and speculative buying. Zhao’s warning to “trust but verify” highlights the need for regulatory clarity. Traders should approach the TONcoin UAE Golden Visa offer with caution and await official confirmation. The initiative, if real, could boost demand for Toncoin and reinforce the UAE’s position as a crypto hub amid DeFi and tokenized real estate projects.
Neutral
The TONcoin UAE Golden Visa news triggered an immediate 11% price rally driven by speculative buying and Pavel Durov’s support, indicating short-term bullish momentum. However, the lack of confirmation from UAE authorities like VARA and SCA introduces regulatory uncertainty. Changpeng Zhao’s caution underscores potential long-term risk if the program proves unofficial. Traders may see early upside but should remain wary and await official clarity, resulting in a neutral overall impact on TONcoin trading.