UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs
- UAE’s new framework gives DAOs legal status, enabling off-chain asset and bank ownership.
- RAK’s DARe framework offers tailored legal models for DAOs of varying sizes and maturity.
- UAE stablecoin regulation mandates backing with cash or bonds, ensuring financial security.
The United Arab Emirates is set to regulate decentralized organizations with a new system designed for DAOs. In addition, the Ras Al-Khaimah (RAK) emirate has launched the DAO Association Regime, providing the legal structure for DAOs to operate within the RAK Digital Assets Oasis free zone.
— RAK Digital Assets Oasis (@RAK_DAO) October 22, 2024
We are thrilled to announce that the #RAKDAOConference will feature a major update: a new legal framework for DAOs in the UAE! This framework will clarify governance, compliance, and enable property ownership and banking for DAOs.
Join us on October 25 for the full reveal as…
DAOs have faced legal hurdles when interacting with off-chain entities. A key challenge has been the lack of legal recognition, which prevents DAOs from opening bank accounts or holding assets outside of blockchain ecosystems.
New Framework Bridges On-Chain and Off-Cha…
The post UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs appeared first on Coin Edition.
Read More
UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs
- UAE’s new framework gives DAOs legal status, enabling off-chain asset and bank ownership.
- RAK’s DARe framework offers tailored legal models for DAOs of varying sizes and maturity.
- UAE stablecoin regulation mandates backing with cash or bonds, ensuring financial security.
The United Arab Emirates is set to regulate decentralized organizations with a new system designed for DAOs. In addition, the Ras Al-Khaimah (RAK) emirate has launched the DAO Association Regime, providing the legal structure for DAOs to operate within the RAK Digital Assets Oasis free zone.
— RAK Digital Assets Oasis (@RAK_DAO) October 22, 2024
Join us on October 25 for the full reveal as…
DAOs have faced legal hurdles when interacting with off-chain entities. A key challenge has been the lack of legal recognition, which prevents DAOs from opening bank accounts or holding assets outside of blockchain ecosystems.
New Framework Bridges On-Chain and Off-Cha…
The post UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs appeared first on Coin Edition.
Read More