UAE Digital Assets Oasis Welcomes DAOs with New Regulatory Framework
- bhoomisinghal0
- Oct 24, 2024
- 1 min read
The Ras Al-Khaimah (RAK) region in the United Arab Emirates (UAE) has launched a comprehensive regulatory framework specifically tailored for decentralized autonomous organizations (DAOs). The newly introduced DAO Association Regime (DARe) provides DAOs with the legal infrastructure to operate within the region’s RAK Digital Assets Oasis free zone. One of the most significant aspects of the DAO Association Regime is its provision of a structured legal framework, which has been a critical issue for DAOs operating in decentralized ecosystems. DAOs, governed by smart contracts rather than traditional hierarchical structures.
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