Digital assets: UAE Proposes New Free-trade Zone Firms

The United Arab Emirates (UAE) says it is planning the launch of a free-trade zone for firms dealing with digital assets.

 

As announced by Ras Al Khaimah, one of the Emirates in the UAE, the RAK Digital Assets Oasis, seeks to be a hub for blockchain technology and Web3 firms to innovate in non-regulated activities in the digital currency space.

 

Sheikh Mohammed Al Qasimi, head of the RAK ICC adds “We are building the free zone of the future for companies of the future.

 

“As the world’s first free zone solely dedicated to digital and virtual asset companies, we look forward to supporting the ambitions of entrepreneurs around the world.

“We look forward to welcoming the world’s brightest Web3 minds with their most disruptive ideas that uncover new approaches to creating a better future.

 

“We are committed to empowering the next generation of global entrepreneurial talent to build transformative solutions and create impact while shaping the future of businesses and economies, ”

 

 

 

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