The former CEO of Binance, Changpeng “CZ” Zhao, has questioned the legitimacy of the new route of the open network towards the Eau residence, pointing out the absence of any official announcement of sources from the Eau Government.
As Cointegraph reported, the open network announced on Saturday that the gold visas of the EAU at 10 years will be available for applicants who acquire at least $ 100,000 in Toncoin (TON) for three years and will pay a processing rate of $ 35,000. According to reports, the visa could be ensured in less than seven weeks.
“Is this real?” CZ asked in X in response to the ad. “It would be incredible if it is true. But so far I obtain contradictory information.”
“There is no official government website with the update of” Ton for the Golden Visa “, added CZ, pointing out the lack of information on which government entity, if there were, the program approved.
CZ is familiar with the residence requirements of the EAU, after having received a golden visa when the country arrived for the first time.
In response to the publication of CZ, some X users pointed out that Telegram CEO, Pavel Durov, has confirmed the news. Durav again published the announcement on X cryptographic influencer Ash Crypto.
Even so, CZ had reservations, stating that he likes to “trust but verify.”
However, the announcement was enough to send the price of very high ton, and the Token joined more than 11% in a few hours, according to Coinmarketcap.
Cointegraph could not independently verify the news, since the announcement did not appear on the websites of the Ras al Khaimah Emirarate Dao, the Authority of Securities and Public, Regulatory Authority of Virtual Assets or the ABU Dhabi Global Market Authority from Sunday afternoon.
However, as the original announcement declared, the Golden Visa program is being administered by a third party.
“Our Visa emitting partner in the EAU will review their data and guide it through the final steps,” Ton said.
Related: The founder of Telegram, Durov in arrest, detention in France: “I’m confused”
Eau has become a leader cryptoin and blockchain center
The EAU have become a rapid growth center for the adoption of cryptocurrencies and blockchain -based companies, thanks to their favorable regulatory environment, government support and infrastructure that thanks the Defi and Web3 projects.
Many of these advantages stood out at the recent Token2049 conference in Dubai, which was attended by CZ.
As cointelegraph recently reported, the EAU have launched a free area of ​​machine economy to explore the intersection of robotics, AI and decentralization.
The new sandbox, developed in association with Layer-1 Blockchain Peaq, aims to reward tokens to tokens with a part of the income generated by the activities of the machine economy. The initiative also seeks to create real world use cases for decentralized physical infrastructure networks (Depin).
The EAU have also positioned themselves as a key player in tokenized real estate, with Dubai launching the first real estate project licensed in the Middle East and North Africa. The initiative is a collaboration between the Central Bank of the EAU, the Dubai Futures Foundation and the land department of Dubai.
In May, a Real estate blockchain agreement of $ 3 billion contributed to an increase in Dubai properties sales.
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