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HomeCrypto NewsUnited Arab Emirates Region Ras Al Khaimah Launches a Framework for Decentralized...

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.”

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