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UAE Set to Establish Legal Framework for Decentralized Autonomous Organizations

UAE Set to Establish Legal Framework for Decentralized Autonomous Organizations

The United Arab Emirates is poised to implement a legal framework that will facilitate the operation of Decentralized Autonomous Organizations (DAOs), according to attorney Irina Heaver. This initiative aims to ensure that even smaller DAOs can function within a recognized legal structure, enhancing the operational landscape for blockchain-based entities in the region.