The post Toncoin (TON) Faces Mixed Sentiment Amid UAE Visa Program Controversy and Institutional Adoption appeared on BitcoinEthereumNews.com.

Alvin Lang
Jul 13, 2025 01:35

Toncoin’s (TON) price faced volatility this week as Crypto.com Custody’s integration boosted institutional confidence, while UAE regulators denied Golden Visa claims.

1. Executive Summary Toncoin (TON) experienced a turbulent week with significant developments influencing its market sentiment. The announcement of Crypto.com Custody’s integration of Toncoin brought institutional credibility, while the controversial UAE Golden Visa program announcement and subsequent regulatory denial created uncertainty. Despite these mixed signals, technical indicators suggest a cautiously optimistic outlook, with short-term bullish trends emerging. 2. Recent Market Developments Crypto.com Custody Adds Institutional Support for Toncoin (July 8, 2025)Crypto.com Custody’s decision to integrate Toncoin into its platform provided a boost to its ecosystem. Institutional clients now have access to secure storage and staking options on the TON blockchain. This move demonstrates growing institutional interest, enhancing Toncoin’s appeal as a credible digital asset. The development had a positive impact on the market by reinforcing confidence among investors, contributing to a slight price recovery. UAE Regulators Deny Toncoin Golden Visa Claims (July 7, 2025)The UAE regulators invalidated claims regarding Toncoin staking as a means to qualify for a Golden Visa. This clarification highlighted that digital assets like Toncoin are governed separately and are not eligible for residency benefits. This regulatory rejection led to a negative impact, causing a temporary drop in Toncoin’s price and raising concerns about the foundation’s claims. TON Foundation Announces UAE Golden Visa Program via Toncoin Staking (July 6, 2025)Before the regulatory denial, the TON Foundation had announced an ambitious partnership to offer a 10-year UAE Golden Visa for investors staking $100,000 in Toncoin. This program aimed to attract crypto investors and integrate blockchain into national policies. However, the regulatory dispute dampened initial enthusiasm, although the partnership had a positive impact on…

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Filed under: News - @ July 13, 2025 2:27 am