According to CoinTelegraph, the Ras Al-Khaimah (RAK) Digital Asset Oasis, a free zone for digital and virtual asset companies in one of the seven emirates that make up the United Arab Emirates (UAE), is set to introduce a regulatory framework for . The framework aims to clearly define the tax obligations and benefits for and establish property rights for on-chain and off-chain assets. Additionally, will be allowed to open bank accounts and are not required to have a physical entity in the UAE.
UAE Ras Al Khaimah to Introduce DAO Regulatory Framework
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