UAE’s Ras Al Khaimah launches free zone for digital assets and Web3

2023-10-19 14:38

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.

A purpose-built free zone for digital assets

RAK DAO is poised to become the world’s first free zone solely dedicated to digital and virtual asset companies, creating a purpose-built ecosystem for entrepreneurs from around the globe.

This free zone is designed to support companies involved in cutting-edge technologies, including the metaverse, blockchain, utility tokens, virtual asset wallets, nonfungible tokens (NFTs), decentralized autonomous organizations (DAOs), decentralized applications (DApps), and other Web3-related businesses.

Entrepreneurs within the free zone will have 100% ownership of their businesses and enjoy unique tax schemes and regulatory frameworks. While RAK DAO is expected to begin with non-financial activities, it may introduce financial activities at a later stage, underlining the emirate’s commitment to innovation and regulatory compliance.

UAE’s attraction for crypto and Web3 firms

The UAE has been actively courting crypto and blockchain firms with a progressive regulatory environment.

Dubai introduced a virtual assets law and the Virtual Asset Regulatory Authority to safeguard investors and establish industry standards. Additionally, the Abu Dhabi Global Market (ADGM) and the Dubai International Financial Centre (DIFC) have their own financial regulators, offering attractive free zones for digital asset businesses. The Dubai Virtual Assets Regulatory Authority went ahead and even launched headquarters in The Sandbox in May 2022.

Several crypto firms have since secured operational licenses to operate in Dubai. Some of the companies that have acquired licenses to operate in Dubai include Binance, which was the first to acquire an MVP license in Dubai, Crypto.com, and OKX.

Ras Al Khaimah’s RAK DAO complements the more than 40 multidisciplinary free zones in the UAE, further positioning the country as a destination of choice for crypto, blockchain, and Web3 enterprises.

Applications for RAK DAO are open, offering entrepreneurs and digital asset companies a new opportunity to thrive in this burgeoning industry. This initiative signifies the UAE’s commitment to fostering innovation and embracing the future of finance and technology.

The post UAE’s Ras Al Khaimah launches free zone for digital assets and Web3 appeared first on CoinJournal.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

RAKSUR (RAS) на Currencies.ru

$ 0.0020748 (+2.90%)
Объем 24H $3.109k
Изменеия 24h: 0.76 %, 7d: -24.75 %
Cегодня L: $0.0019302 - H: $0.0020748
Капитализация $0 Rank 3133
Доступно / Всего 0 RAS / 80m RAS

assets web3 uae dao digital rak ras

Источник: coinjournal.net

assets web3 → Результатов: 126


SANDBOX GROUP Announces Move Into Web3 Through Partnership With XDB Chain

London, UK, October 11th, 2023, Chainwire XDB CHAIN TO POWER SANDBOX-BRANDED CRYPTOCURRENCY AND TO ENHANCE THE EDUCATION SECTOR’S TRANSITION TOWARDS WEB3 Sandbox Group, the London-based group operating a network of learning businesses, announced a partnership with XDB CHAIN, the easy-to-use open-source blockchain used to power digital assets.

2023-10-12 18:53


Missionaries, mercenaries, and pragmatists: Alex Tapscott’s new book brings the case for Web3

No newcomer to the world of blockchain and cryptocurrencies, Alex Tapscott, has a decorated history in the blockchain world. He has co-authored an international bestseller on the subject, founded a blockchain research think tank, and, as Managing Director at Ninepoint Partners, Tapscott has brought digital assets to markets in his native Canada.

2023-9-19 15:00


Real-World Assets Tokenization: A Trillion Dollar Opportunity?

The shift to Web3 primarily revolves around bringing valuable assets on-chain, but what exactly has been tokenized so far in Web3? Primarily, assets known for being untied to “hard,” “real-world,” “tangible” value (of course, we strongly disagree with the argument that bitcoin and other digital assets are tied to nothing, but we’ll leave this debate […]

2023-9-11 11:28


Google Plays Nice With NFTs, Starbucks Puts Ex-MLB Star’s NFT Project on Deck

This week, Google made a big shift in their policy towards NFTs, allowing apps in the Google Play store to include the ability to buy, sell or earn tokenized assets. Meanwhile, Starbucks Odyssey, the brand’s Web3 loyalty program, announced their next Stamp would be "designed by Aku," the NFT character launched by former LA Dodgers player-turned-artist Micah Johnson.

2023-7-15 19:05


Op-ed: As the House readies a crypto bill, what’s heeded to keep the U.S. at the forefront of web3 innovation?

The following is a guest post from Nilmini Rubin, Chief of Staff and Head of Global Policy at Hedera. When I testified on the future of digital assets in front of the House Subcommittee on Commodity Markets, Digital Assets, and Rural Development, the discussion addressed the impactful uses of cryptocurrencies and how the lack of […] The post Op-ed: As the House readies a crypto bill, what’s heeded to keep the U.

2023-6-22 06:00


Digital Assets & Web3 Garden Networking Party

Connecting the Blockchain Ecosystem, Digital Assets and Web3! Friday 23 June 2023  Hurlingham Club, Fulham London  Arrival 2.00 pm – Talks & Presentations  6 pm – 9 pm Bubbles & Lavish Grill (included in the ticket price) After Party (cash bar) Dress code: Business Smart with a touch of floral   Join us for an […] Сообщение Digital Assets & Web3 Garden Networking Party появились сначала на Coinstelegram.

2023-6-19 23:08


Hong Kong’s Web3 industry faces 100,000 person shortfall

Hong Kong Legislative Council Member and Co-founder of G-Rocket, an incubator firm, Wu Jiezhuang, said the region faces a Web3 talent shortage. In an interview with Chinese-language crypto publication Chain Catcher, Jiezhuang covered several points, including developments at G-Rocket, the impact of the Virtual Assets Service Provider (VASP) licensing system in Hong Kong, and the […] The post Hong Kong’s Web3 industry faces 100,000 person shortfall appeared first on CryptoSlate.

2023-6-9 19:44


OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions

ST HELLIER, Jersey, June 6th, 2023, Chainwire OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through […] The post OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions appeared first on CoinJournal.

2023-6-6 11:36


Фото:

OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions

ST HELLIER, Jersey, June 6th, 2023, Chainwire OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through […] The post OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions appeared first on CaptainAltcoin.

2023-6-6 11:36


OKX Partners with Komainu, Enabling 24/7 Secure Trading of Segregated Assets Under Custody for Institutions

OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading Web3 technology company, and regulated digital asset custody service provider Komainu, today announced that OKX has joined collateral management platform Komainu Connect, enabling institutional customers to conduct secure 24/7 trading of segregated assets under custody through the OKX platform.

2023-6-6 15:00


OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CoinJournal.

2023-6-2 01:40


OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking

SAN FRANCISCO, UNITED STATES, June 1st, 2023, Chainwire With BRC-30, OKX Wallet users will soon be able to stake BRC-20 tokens and Bitcoin to earn passive income on their digital assets OKX, a leading Web3 company, today introduced its proposal for a new, open-source BRC-30 protocol that enables staking of BRC-20 tokens and Bitcoin in […] The post OKX Proposes Industry-First BRC-30 Token Standard to Enable Bitcoin and BRC-20 Token Staking appeared first on CaptainAltcoin.

2023-6-2 23:10


Shaping the Future of the Metaverse w/John Burris from Metajuice – eakTV

In an exclusive interview at Paris Blockchain Week, John Burris, founder and president of Metaduce, discusses the ongoing transformation of their web2 social metaverse into a web3 economy. With millions of users across 120 countries, Metajuice is integrating crypto assets, tokens, stablecoins, and NFTs into their user-driven economy in a seamless manner.

2023-4-8 14:30


Фото:

Myria Launches Its Native Token On OKX Exchange With A 45 Million MYRIA Airdrop

Myria, a decentralized Ethereum Layer 2 blockchain built to empower digital assets, NFT and blockchain gaming, has launched its native MYRIA token on the OKX crypto exchange. According to the team behind the project, the token launch brings numerous benefits to the community that will empower the growth of Web3. The team is planning a […]

2023-4-7 00:19


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Biblical floods hit Dubai, disrupting Blockchain Life and Token2049

Dubai is grappling with extreme weather conditions that has disrupted the city’s infrastructure at a time when crypto elites have descended on the city for several industry conferences. Crypto conferences such as Blockchain Life and Token2049 encountered an unexpected twist…

Crypto.com acquires full operational license in Dubai

Crypto. com secures historic full operational license from Dubai’s VARA. The license pioneers fiat operations in UAE crypto landscape. Crypto. com can now cater to institutional investors, offering diverse services including spot trading and staking.

VESA at Cypher Capital

Hi BitFam, Today we’re celebrating a union that took place recently when VESA travelled to Dubai for a month of meetings, partnership calls, keynotes, and conferences. A juicy sized catalogue of VESA works moved into the Cypher Capital Hub in October and this time, we want to celebrate this incredible handshake and share the stories behind the artworks you can see on the walls.