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UAE to introduce legal framework for DAOs

The Ras Al Khaimah Digital Assets Oasis (RAK DAO), a free economic zone in the United Arab Emirates focused on digital assets, is set to introduce a legal framework for decentralized autonomous organizations (DAOs).

The announcement highlighted that the legal structure will clarify tax obligations and benefits. It will also enable property ownership of onchain and offchain assets and provide legal protection from personal liability for DAO founders, members and contributors.

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