- 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.