Oasis

United

when

<ul class="wp-block-list news-points">
 <li><strong>UAE’s new framework gives DAOs legal status, enabling off-chain asset and bank ownership.</strong></li>
 <li><strong>RAK’s DARe framework offers tailored legal models for DAOs of varying sizes and maturity.</strong></li>
 <li><strong>UAE stablecoin regulation mandates backing with cash or bonds, ensuring financial security.</strong></li>
</ul>
<p>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 <a href="https://www.rakdao.com/" target="_blank" rel="noopener noreferrer nofollow">RAK Digital Assets Oasis</a> free zone.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> We are thrilled to announce that the <a href="https://twitter.com/hashtag/RAKDAOConference?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#RAKDAOConference</a> 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.<br><br>Join us on October 25 for the full reveal as…</p>— RAK Digital Assets Oasis (@RAK_DAO) <a href="https://twitter.com/RAK_DAO/status/1848726006733148527?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 22, 2024</a>
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<p>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.</p>
<h2 class="wp-block-heading" id="h-new-framework-bridges-on-chain-and-off-chain-operations-for-daos">New Framework Bridges On-Chain and Off-Cha…</h2>
<p>The post <a href="https://coinedition.com/uaes-ras-al-khaimah-unveils-groundbreaking-legal-framework-for-daos/" rel="noopener noreferrer nofollow">UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

UAE’s Ras Al-Khaimah Unveils Groundbreaking Legal Framework for DAOs

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