您现在的位置是:UAE's Ras Al Khaimah launches free zone for digital assets and Web3 >>正文
UAE's Ras Al Khaimah launches free zone for digital assets and Web3
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛18899人已围观
简介Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3.RAK DA...
- Ras Al Khaimah, UAE, has introduced RAK DAO, a free zone dedicated to digital assets and Web3.
- RAK DAO will offer entrepreneurs 100% ownership of their businesses and a unique regulatory framework.
- The UAE continues to attract global crypto and Web3 firms through progressive regulatory measures.
Ras Al Khaimah, one of the seven Emirates of the United Arab Emirates (UAE), has unveiled its latest initiative to diversify its economy by launching the RAK Digital Assets Oasis (RAK DAO), a dedicated free zone for digital and virtual asset companies.
In a move to attract global crypto players, the emirate is positioning itself as a forward-thinking hub for emerging technologies.
A purpose-built free zone for digital assets
RAK DAO is poised to become the world’s first free zone solely dedicated to digital and virtual asset companies, creating a purpose-built ecosystem for entrepreneurs from around the globe.
This free zone is designed to support companies involved in cutting-edge technologies, including the metaverse, blockchain, utility tokens, virtual asset wallets, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized applications (DApps), and other Web3-related businesses.
Entrepreneurs within the free zone will have 100% ownership of their businesses and enjoy unique tax schemes and regulatory frameworks. While RAK DAO is expected to begin with non-financial activities, it may introduce financial activities at a later stage, underlining the emirate’s commitment to innovation and regulatory compliance.
UAE’s attraction for crypto and Web3 firms
The UAE has been actively courting crypto and blockchain firms with a progressive regulatory environment.
Dubai introduced a virtual assets law and the Virtual Asset Regulatory Authority to safeguard investors and establish industry standards. Additionally, the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) have their own financial regulators, offering attractive free zones for digital asset businesses. The Dubai Virtual Assets Regulatory Authority went ahead and even launched headquarters in The Sandbox in May 2022.
Several crypto firms have since secured operational licenses to operate in Dubai. Some of the companies that have acquired licenses to operate in Dubai include Binance, which was the first to acquire an MVP license in Dubai, Crypto.com, and OKX.
Ras Al Khaimah’s RAK DAO complements the more than 40 multidisciplinary free zones in the UAE, further positioning the country as a destination of choice for crypto, blockchain, and Web3 enterprises.
Applications for RAK DAO are open, offering entrepreneurs and digital asset companies a new opportunity to thrive in this burgeoning industry. This initiative signifies the UAE’s commitment to fostering innovation and embracing the future of finance and technology.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/989673.html
相关文章
3 reasons why Litecoin price has risen for 7 days straight
UAE's Ras Al Khaimah launches free zone for digital assets and Web3Litecoin price has drifted upwards in the past seven days straight.The coin has more than doubled fr...
阅读更多
Bitcoin may be near its next leg up – analyst says
UAE's Ras Al Khaimah launches free zone for digital assets and Web3Canaccord Genuity analyst sees upside in Bitcoin to over $38,000.Javed Mirza explained his bullish v...
阅读更多
Conflux (CFX) soaring after Bank of China announced SIM Card NFC payments
UAE's Ras Al Khaimah launches free zone for digital assets and Web3At press time, Conflux (CFX) token was trading at $0.1981, up 10% in the last 24 hours.Conflux Netwo...
阅读更多
热门文章
- Ripple hits resistance at $0.263 even as other altcoins surge
- Metaverse and NFT integration: Top 3 coins to consider
- Entrust Australia Partners With Hedera Hashgraph
- PayPal CEO believes digital assets can restructure the financial landscape
- Digital Currency Not On The Cards For New Zealand Right Now
- OriginTrail (TRAC) has surged by over 80% over the past week: Why is the coin rising?
最新文章
Yearn Finance is reversing losses: where to buy YFI now
Near Protocol (NEAR) could rally to $14 in the coming days
New AI Memecoin Shiba Memu Raises $798K in Nine Days
DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91%
The Open Platform Aims to Pioneer Web3 SuperApp Development Through Wallet Integration in Telegram
WLD price spikes 78% after Worldcoin mainnet launch