Binance Founder Open to UAE Residency Program for BNB Holders

Binance founder Changpeng Zhao has expressed openness to the idea of negotiating a similar residency program with the United Arab Emirates (UAE) for holders of Binance Coin (BNB), following reports of a partnership between Toncoin (TON) and the UAE. According to the reports, eligible investors in TON could obtain a 10-year golden visa by contributing $35,000 and staking at least $100,000 worth of TON for three years. This news gained significant attention when Telegram CEO Pavel Durov shared the information.

Zhao responded to the TON announcement by suggesting that Binance could explore a similar arrangement with UAE officials. The proposal would involve rewarding long-term holders and contributors to the Binance ecosystem with a pathway to residency, mirroring the structure allegedly implemented by TON. However, Zhao cautioned that the TON deal had not been independently verified by any official UAE government source, emphasizing the need for public confirmation by government agencies before proceeding with any negotiations.

Despite his skepticism, Zhao acknowledged the potential for cryptocurrencies to serve as gateways to residency programs, highlighting the growing intersection between digital assets and national policy. The idea of using cryptocurrencies to secure residency benefits is a relatively new development, and Zhao's remarks have added to the speculation surrounding this emerging trend. Whether BNB holders will soon have the opportunity to stake their way into a UAE golden visa remains uncertain, but Zhao's openness to the idea has sparked further discussion and interest in the cryptocurrency community.