News

RAK DAO Framework Launches in UAE Free Zone for Digital Assets

Key Points:

RAK DAO Framework enables tax optimization and legal clarity for decentralized autonomous organizations.
The RAK DAO Framework provides two models, one for small DAOs and another for mature ones with large treasuries.

RAK launches the RAK DAO Framework in its free zone, offering tax optimization and legal clarity to decentralized autonomous organizations (DAOs).

RAK DAO Framework Enhances Legal Clarity for DAOs

Similarly, the newly established RAK DAO Framework in Ras Al-Khaimah grants them an opportunity to take advantage of the structured legal environment status. The permits allow them to operate with clear and stated tax benefits and legal transparency, thereby making it easier to interface with the off-chain world, such as opening bank accounts and conducting asset management, according to Coindesk.

New RAK DAO Framework Offers Two Models for DAOs

The RAK DAO framework has two models: one for emerging DAOs with fewer than 100 members and one for mature DAOs with treasuries over $1 million. This allows for further decentralization of projects, and more tailored support of whatever stage the DAO is in, which is an important step in building a blockchain hub.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.