The introduction of DARe represents a stepping stone in our journey towards building a global hub for the blockchain and digital assets ecosystem. By offering a structured legal framework, we enable DAOs to interact with the off-chain world, such as opening a bank account and owning both on- and off-chain assets.
The regime will enable DAOs to have tax optimization and legal clarity. 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.
#ras-al-khaimah #decentralized-autonomous-organizations #digital-assets #legal-framework #blockchain
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