Former CEO of Binance Changpeng “CZ” Zhao questioned the legitimacy of the new path of the open network for the residence of the United Arab Emirates, noting that there is no official announcement from government sources from the United Arab Emirates.

As Cointelegraph said, the open network announced on Saturday that golden visas in the United Arab Emirates will be available for applicants who share at at least $ 100,000 of Toncoin (TON) for a period of three years and pay a treatment fee of $ 35,000. According to the visa, the visa can be secured in less than seven weeks.

“Is this real?” CZ asked X in response to the advertisement. “It would be great if this is true. But I got conflicting information so far.”

CZ added: “There is no official GOV website with the” Ton For Golden Visa “, noting that there is no information about the government entity, if any, on the program.

CZ is familiar with the requirements of residency in the United Arab Emirates, where he received a golden visa when he reached the country for the first time.

In response to the publication of CZ, some X users indicated that the CEO of Telegram Pavel Durov confirmed the news. Dorov re -advertising X from Crypto Inforenener Ash Crypto.

However, Chic Chic had reservations, saying he loved “confidence but verification.”

However, this advertisement was sufficient to send the TON price sharply, as the distinctive symbol gathered more than 11 % within a few hours, according to Coinmarketca.

Cointelegraph was unable to verify the news independently, as the advertisement on the websites of the RAS Al Khaimah emirate dao, the Securities and Commodities Authority, the Virtual Assets Regulatory Authority or the Abu Dhabi International Market Authority as of Sunday afternoon.

However, as the original announcement is mentioned, the VISA Golden program is managed by a third party.

“Our partner will issue a visa in the United Arab Emirates review your details and guide you during the final steps.”

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The United Arab Emirates has become encrypted and pioneer at the Blockchain Center

The United Arab Emirates has emerged as a fast -growing center for the adoption of cryptocurrency and Blockchain companies, thanks to its favorable organizational environment, government support and infrastructure that welcomes Defi and Web3 projects.

Many of these advantages were highlighted at the last Taken2049 conference in Dubai, which was attended by CZ.

As Cointelegraph recently reported, the United Arab Emirates launched an empty economy area to explore the intersection of robots, AI and decentralization.

The new sand fund, which was developed in partnership with Layer-1 Blockchain Peaq, aims to reward holders of the symbol distinguished with a share of revenues resulting from automatic economy activities. The initiative also seeks to create cases of use in the real world of decentralized material infrastructure networks (DePin).

The United Arab Emirates has also placed itself as a major player in distinguished real estate, as Dubai launched the first licensed symbolic real estate project in the Middle East and North Africa. This initiative is a cooperation between the Central Bank of the United Arab Emirates and the Future Dubai Foundation and the Land Management in Dubai.

In May, the Blwchin Real Estate Deal of $ 3 billion contributed to increasing property sales in Dubai.

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