Igniter Launch

The United Arab Emirates Ministry of Climate Change and Environment (MOCCAE) will launch a national carbon credit system that leverages blockchain technology, the Emirates News Agency (WAM), the UAE's official news organization, reported Aug. 7. According to the report, a memorandum of understanding was signed between an official from the ministry and government solutions provider Industrial Innovation Group (IIG) and Abu Dhabi blockchain platform Venom Foundation to create the new climate action solution. According to what was mentioned, the cooperation aims to reduce emissions and promote sustainable agriculture, environmental health and biodiversity in the UAE, which will be achieved by managing the issuance, transfer, calculation and facilitation of accurate tracking of carbon credits and their digitization process.

The TON Foundation has responded to criticism regarding the UAE's "Golden Visa" program and is urgently seeking a marketing VP. After the government clarified that cryptocurrency investors are not included, the price of TON plummeted.

The UAE government has clarified that cryptocurrency investors, particularly concerning the TON staking program, are not eligible for the Golden Visa. Official statements specify that only certain categories, such as real estate investors and entrepreneurs, qualify for the visa.

Today (7) in the Asian early market, Toncoin (TON) continued its weekend pump, currently reporting at $2.83 maintaining its strength. TON announced a significant initiative to launch a blockchain-based residency program in the United Arab Emirates (UAE), following which its coin price soared dramatically. This initiative not only solidifies TON's position in the crypto assets market but also opens new opportunities for investors seeking long-term visas in the UAE.

A psychology graduate from Peking University quickly became a pioneer in the blockchain field after discovering the Bitcoin White Paper. He founded China's first blockchain media, developed revolutionary Mining Rigs, and promoted Compliance in encryption finance, with his company's valuation reaching $4 billion. Today, he is focusing on the integration of AI and Decentralized Finance, continuing to reshape the global financial landscape.