Ras Al Khaimah (RAK) in the United Arab Emirates has announced the launch of the DAO regulatory framework, the DAO Association System (DARe), which will be implemented within the RAK Digital Assets Oasis Free Trade Zone. The framework offers two models: one for emerging projects with fewer than 100 members, and the other for mature DAOs with capital size exceeding $1 million.
The United Arab Emirates (UAE) state-owned bank Ras Al Khaimah National Bank (RAKBANK) has partnered with crypto infrastructure provider Bitpanda Technology Solutions to create a digital asset management platform for UAE residents. "We believe digital assets are one of the ways our customers can manage their finances more efficiently and securely in the future," says Dongjun Choi, chief client officer at RAKBANK Group. While the partnership has been announced, the team also clarified that the pl...