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After TON claimed a staking program would offer golden visas for holders to enter the United Arab Emirates, the country’s news<\/a> agency shot down the idea of a partnership.<\/p>\n Update (July 6, 12 pm UTC): This article has been updated to include comments from Sigil Fund partner Joe HedgeHog.<\/p>\n Editor\u2019s Note: This article has been substantially updated to include the denial from the UAE press office.<\/em><\/p>\n The Open Network (TON), the blockchain platform spun out of Telegram, unveiled what it described as a new pathway to UAE residency, offering 10-year Golden Visas to app<\/a>licants who stake $100,000 worth of Toncoin (TON) for three years and pay a one-time $35,000 processing fee.<\/p>\n \u201cSecure your Golden Visa in under 7 weeks from document submission to the Visa Office,\u201d TON announced<\/a> Saturday, detailing that its UAE-based partners will manage the visa processing and residency status confirmation.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n