Ras Al-Khaimah Launches Legal Framework for Decentralized Autonomous Organizations (DAO) in Free Zone for Digital Assets

10/22 13:05

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The United Arab Emirates' region of Ras Al-Khaimah (RAK) has introduced a legal framework for decentralized autonomous organizations (DAO) in its digital asset free zone. The DAO Association Regime (DARe) is specifically designed for DAOs and aims to provide a structured legal framework. The announcement was made via a press release on Tuesday.

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