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UAE’s New Legal Structure Boosts DAOs

  • UAE has introduced a legal framework to boost the operation of DAOs (Decentralized Autonomous Organizations).
  • The Ras Al Khaimah Digital Assets Oasis (RAK DAO) is introducing this legal framework to provide legal and governance clarity for DAOs.
  • The framework will clarify tax obligations and benefits, protect founders and members from personal liability, enable legally binding contracts, and establish rules for dispute resolution.
  • This legal framework is expected to attract more entrepreneurs and developers to the UAE's digital asset market.

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