BITPRISMIA
RAK launches the RAK DAO Framework in its free zone, offering tax optimization and legal clarity to decentralized autonomous organizations (DAOs).
UAE lawyer Irina Heaver told Cointelegraph that the framework would allow even smaller DAOs to operate legally.
Self-custodial wallet Okto received its license under RAK DAO, an economic free zone dedicated to virtual assets.
The collaboration will give startups access to a grant program and support in areas such as technology, marketing and business development.