🚨🚨UAE to Introduce Legal Framework for DAOs in Ras Al Khaimah🚨🚨

The UAE, particularly through Ras Al Khaimah’s Digital Assets Oasis (RAK DAO), is preparing to launch a groundbreaking legal framework for decentralized autonomous organizations (DAOs). This new regulatory structure will provide DAOs with clarity on key issues like tax obligations, liability protection, and property ownership. One of the most notable aspects is the ability for DAOs to operate remotely without needing a physical presence in the UAE.

This initiative aims to position the UAE as a global leader in blockchain innovation, offering DAOs more affordable setup options compared to traditional jurisdictions like Switzerland. It represents a significant step in integrating blockchain technology into the country’s legal and business landscape, potentially attracting global projects to establish their DAO operations in Ras Al Khaimah.

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