Camomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Ras Al-Khaimah , a region in the United Arab Emirates launched a framework for decentralized autonomous organizations in its free zone for digital assets.
The DAO Association Regime "introduces a structured legal framework designed specifically for decentralized autonomous organizations," an emailed press release said on TuesdayRas Al-Khaimah , a region in the United Arab Emirates , launched a new framework for decentralized autonomous organizations in its free zone for digital assets..
The regime will enable DAO's to have tax optimization and legal clarity, Dr. Sameer Al Ansari, CEO of RAK DAO added in the statement. Plus, the regime will have two models, one for emerging projects with fewer than 100 members and another for more mature DAOs with treasuries that exceed $1 million.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications.
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