UAE Introduces Legal Framework for DAOs

The UAE has introduced a legal framework for Decentralized Autonomous Organizations (DAOs) through the RAK Digital Assets Oasis (RAK DAO), enhancing its position as a global hub for web3 and digital assets. The new DAO Association Regime (DARe) offers two models: Startup DAO for emerging projects with fewer than 100 members and Alpha DAO for larger DAOs with treasuries over $1 million. The framework provides legal identity, limited liability, and operational support to help DAOs scale and interact with the traditional economy. This initiative emphasizes the UAE's commitment to fostering blockchain innovation through regulatory clarity.

665 $DEGEN UAE these days is too active about crypto