Ras Al Khaimah, one of the seven emirates in the United Arab Emirates, has made moves towards digital and virtual asset companies.
The proliferation of cryptocurrencies has created a popularity in every region of the world. Globally prominent cryptocurrencies have also become the main focus of many countries.
The move of Ras Al Khaimah, one of the seven emirates, drew attention in the United Arab Emirates, which is warm to cryptocurrencies and digital assets. Ras Al Khaimah has announced the world’s first free zone dedicated to digital and virtual asset companies.
Ras Al Khaimah Opens Its Doors to Digital and Virtual Asset Companies
Ras Al Khaimah (RAK), one of the seven emirates in the United Arab Emirates, has announced that it intends to launch the RAK Digital Assets Oasis.
RAK Digital Assets Oasis will be a free zone for non-regulated activities in the virtual asset sector. This region plans to deliver true innovation and serve purpose.
The Ras Al Khaimah Government will allocate this free zone to digital and virtual asset companies. RAK Digital Assets Oasis will be made available to many industries such as Metaverse, blockchain, utility tokens, virtual asset wallets, NFTs, DAOs.
Ras Al Khaimah aims to be the only free zone in the world by allocating this zone to companies serving in the field of Web3 and digital assets.
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