Changpeng Zhao is skeptical of the new offer promising a UAE Golden Visa to TON stakers.
Update (July 6 at 11:30 pm UTC): This article has been updated to include an official response from UAE regulators denying reports of golden visas being issued to digital currency investors.
Former Binance CEO Changpeng “CZ” Zhao has questioned the legitimacy of The Open Network’s new pathway to UAE residency, noting the absence of any official announcement from UAE government sources.
As Cointelegraph reported, The Open Network announced on Saturday that 10-year UAE Golden Visas will be available to applicants who stake at least $100,000 worth of Toncoin (TON) for three years and pay a $35,000 processing fee. The visa could reportedly be secured in under seven weeks.
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