Oasis

United

Status

<ul class="wp-block-list news-points">
 <li>UAE introduces a legal framework for DAOs, promoting growth in decentralized governance.</li>
 <li>DAOs can register remotely in the UAE, offering legal protection and property rights.</li>
 <li>UAE’s cost-effective setup aims to attract global entrepreneurs and smaller DAOs.</li>
</ul>
The United Arab Emirates (UAE) is preparing to launch a legal framework for decentralized autonomous organizations (DAOs). The Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free economic zone, will unveil the new rules on October 25 at the DAO Legal Clinic.
The framework will establish legal and governance guidelines for DAOs, including a legal structure to define tax obligations and ownership rights for on-chain and off-chain assets. It will also offer legal protection for DAO founders, members, and contributors.
Irina Heaver, a partner at NeosLegal, says the framework will enable DAOs to enter legally binding contracts and establish clear procedures for handling internal and external conflicts. The new rules aim to <a href="https://coinedition.com/buterin-insurance-daos-offer-less-imbalance-of-incentives/" rel="noopener noreferrer nofollow">support DAO</a> development and strengthen the UAE’s blockchain sector.
<h2 class="wp-block-heading" id="h-global-accessibility-and-cost-effectiveness-attract-daos">Global Accessibility and Cost-Effectiveness Attract DAOs</h2>
Under the new regime, DAOs can be established remotely…
The post <a href="https://coinedition.com/uae-to-introduce-legal-structure-for-daos-strengthening-crypto-hub-status/" rel="noopener noreferrer nofollow">UAE to Introduce Legal Structure for DAOs, Strengthening Crypto Hub Status</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

UAE to Introduce Legal Structure for DAOs, Strengthening Crypto Hub Status

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