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United Arab Emirates Region Ras Al Khaimah Launches a Framework for Decentralized Autonomous Organizations (DAO) in Free Zone

Altszn.com by Altszn.com
October 22, 2024
in Web3
0
United Arab Emirates Region Ras Al Khaimah Launches a Framework for Decentralized Autonomous Organizations (DAO) in Free Zone
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“The introduction of DARe represents a stepping stone in our journey towards building a global hub for the blockchain and digital assets ecosystem,” Luc Froehlich, chief commercial officer of RAK DAO said in the statement. “By offering a structured legal framework, we enable DAOs to interact with the off-chain world, such as opening a bank account and owning both on- and off-chain assets.”



Read More: www.coindesk.com

Tags: ArabautonomousDAOdecentralizedEmiratesFrameworkfreeKhaimahLaunchesOrganizationsRasRegionUnitedweb 3.0Web3Zone
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