TON Foundation Denies Official UAE Visa Role, Flags Fraud
TON Foundation has denied any official partnership with the UAE Golden Visa program, clarifying that visa issuance remains solely under UAE authorities and legal frameworks. In a press release, the Foundation said it is exploring residency-linked investment offerings with a licensed partner but emphasized that all Golden Visa approvals must come from the UAE government. The statement also warned of fraudulent schemes misusing the TON Foundation logo, outlined legal actions against unauthorized branding, and urged stakeholders to verify news through official TON channels. Crypto traders should conduct due diligence amid rising crypto regulation to avoid scams and respond to potential short-term price fluctuations in TON tokens.
Neutral
While the clarification reduces speculation-driven hype around the UAE Golden Visa and may lead to short-term cautious trading in TON tokens, it does not signal any fundamental weakness or regulatory crackdown on the protocol. The warning against fraudulent schemes and emphasis on transparency could strengthen long-term trust and compliance outlook for TON Foundation. Traders who react to immediate uncertainty may sell temporarily, but renewed confidence in clear legal frameworks is likely to stabilize prices mid to long term, resulting in a neutral net impact.