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United Arab Emirates Region Ras Al Khaimah Launches a Framework for Decentralized Autonomous Organizations (DAO) in Free Zone

“The introduction of DARe represents a stepping stone in our journey towards building a global hub for the blockchain and digital assets ecosystem,” Luc Froehlich, chief commercial officer of RAK DAO said in the statement. “By offering a structured legal framework, we enable DAOs to interact with the off-chain world, such as opening a bank account and owning both on- and off-chain assets.”

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Camomile Shumba

https://www.coindesk.com/policy/2024/10/22/uae-region-ras-al-khaimah-launches-framework-for-decentralized-autonomous-organizations-in-free-zone/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-10-22 12:51:17

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