Ras Al Khaimah, UAE launches free zone DAO regulatory framework

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Wu Blockchain
9 hours ago
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The United Arab Emirates (UAE) Ras Al Khaimah (RAK) has announced the launch of the DAO regulatory framework "DAO Association Regime" (DARe), which will be implemented within the RAK Digital Assets Oasis free trade zone. The framework provides two models: one for emerging projects with fewer than 100 members, and another for mature DAOs with a capital size of over $1 million. Luc Froehlich, Chief Business Officer of RAK DAO, stated that the framework will enable DAOs to interact with the off-chain world, such as opening bank accounts and owning on-chain and off-chain assets.

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