🇦🇪 UAE prepares new regulations for DAO

📣 On October 25, the UAE's digital assets free zone, Ras Al Khaimah Digital Assets Oasis (RAK DAO), will introduce new rules for the creation and operation of decentralized autonomous organizations (DAO).

✅ DAOs are expected to be established remotely.

✅ Founders will be protected from personal liability.

✅ In addition, the minimum cost of establishing a DAO will be around $3,000, significantly lower than in Switzerland.

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