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UAE's RAK DAO Creates Digital Asset Free Zone Below excerpt article reported by Thuo. C. (2023, October 19). UAE’s Ras Al Khaimah launches free zone for digital assets and Web3. Coin Journal UAE’s Ras Al Khaimah launches free zone for digital assets and Web3 “• Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3. • RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique regulatory framework. • The UAE continues to attract global crypto and Web3 firms through progressive regulatory measures. Ras Al Khaimah, one of the seven Emirates of the United Arab Emirates (UAE), has unveiled its latest initiative to diversify its economy by launching the RAK Digital Assets Oasis (RAK DAO), a dedicated free zone for digital and virtual asset companies. In a move to attract global crypto players, the emirate is positioning itself as a forward-thinking hub for emerging technologies." To read full article, click here Image by freepik Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. #GlobalNews #Crypto #Exchange #Blockchain #Crypto-Friendly #Investment #Hong #Kong #regulations #China #Bitcoin #exchanges #EFT #Licensing #SEC #2024 #Ethereum #RAK #DAO #UAE #Web3 #regulatory #regulation
