đŠđȘ UAE prepares new regulations for DAO
đŁ 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).
â DAOs are expected to be established remotely.
â Founders will be protected from personal liability.
â In addition, the minimum cost of establishing a DAO will be around $3,000, significantly lower than in Switzerland.