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Virtual and digital assets to reign in UAE’s free zone, details inside
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The United Arab Emirates (UAE) will soon have a new free zone for companies operating in the virtual and digital asset space.
Ras al-Khaimah (RAK), one of the seven Emirates of the UAE, has announced its plans to create a free zone for digital and virtual assets firms.
The RAK Digital Assets Oasis (RAK DAO) is expected to attract global crypto players and support non-regulated activities related to virtual assets.
Set to launch in the second quarter of 2023, the RAK DAO will provide a space for companies working with emerging technologies such as blockchain, Non-Fungible Tokens [NFTs], decentralized applications (dApps), and decentralized autonomous organizations (DAOs).
Read more on ambcrypto.comAbout this in other media
Crypto.com gets MVP preparatory license from Dubai regulator cointelegraph.com /2 months ago
Coinbase reportedly plans on opening new crypto trading platform overseas ambcrypto.com /2 months ago
Dubai to Abu Dhabi: How NFTs are used in the UAE cointelegraph.com /2 months ago
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