TON’s UAE ‘Golden Visa’ mishap shows why legal reviews matter

The TON Foundation could have avoided its golden visa controversy in the UAE with a brief legal review, a local lawyer told Cointelegraph.

The Open Network (TON) Foundation’s Golden Visa slip-up in the United Arab Emirates (UAE) highlights the need for legal compliance and proper review, a local lawyer said.

A premature announcement about TON’s UAE Golden Visa aimed to benefit the community but ran into complex local crypto rules, according to NeosLegal founder Irina Heaver.

With five regulators overseeing crypto asset service providers’ (CASP) activity in the UAE and strict marketing rules by Dubai’s Virtual Assets Regulatory Authority (VARA), ensuring local compliance requires proper legal assessment.

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