“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.”
Source: https://www.coindesk.com/policy/2024/10/22/uae-region-ras-al-khaimah-launches-framework-for-decentralized-autonomous-organizations-in-free-zone/?utm_medium=referral&utm_source=rss&utm_campaign=headlines