UAE’s RAK DAO to Launch Legal Framework for DAOs

Quick Summary:

The UAE’s Ras Al Khaimah Digital Assets Oasis (RAK DAO) plans to introduce a legal framework for decentralized autonomous organizations (DAOs).

This framework will be discussed at the DAO Legal Clinic, an event organized by the law firm NeosLegal, on October 25.

It establishes clear guidelines for governance, tax obligations, and legal protections, promoting a better understanding of how these organizations can operate within the law.

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Article Details

Author / Journalist: Sindhu

Category: Crypto

Markets: United Arab Emirates

Topics: Latest News DAO Virtual digital assets UAE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 12:15:17 (18 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 368 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23120966

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