Ras Al Khaimah, one of the seven emirates that make up the UAE, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players.
Ras Al Khaimah, one of the United Arab Emirate’s seven Emirates, is set to launch a free zone for digital and virtual asset companies as the country’s approach to the industry continues to attract global crypto players.
“We are building the free zone of the future for companies of the future,” said Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi, chairman of the RAK International Corporate Centre, the operator of the new free zone. “As the world’s first free zone solely dedicated to digital and virtual asset companies, we look forward to supporting the ambitions of entrepreneurs from around the world.”
“[Entrepreneurs] won’t be able to launch a crypto exchange just yet, which is an ESCA-regulated financial activity.”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Emirate to launch free zone for digital and virtual asset firmsFree zones or free-trade zones are areas where entrepreneurs have 100% ownership of their businesses and have their own tax schemes and regulatory frameworks, except the UAE’s criminal law.
Read more »
The 11 Most Interesting Cars at the 1000 Miglia Experience UAEWhile many of the 1000 Miglia entrants were popular classics you might expect to see at such an event, among them were 11 unusual and unique cars.
Read more »
SpaceX counts down to Monday launch of four-man crew to space stationIn the first of three planned flights on Monday, SpaceX counted down to the launch of a Falcon 9 rocket and Crew Dragon capsule carrying two NASA astronauts, a Russian cosmonaut, and a history-making United Arab Emirates astronaut.
Read more »
For Ukrainians in Dubai, a new restaurant offers a taste of homeUkrainian visitors and expats are flocking to Yoy restaurant for borsch, companionship and cultural events. Diners from Russia enjoy it too. The UAE has refused to pick sides in the Ukraine war.
Read more »
NASA's SpaceX Crew-6 Mission to the International Space Station (Official Trailer)NASA and SpaceX are targeting no earlier than 1:45 a.m. EST on Monday, February 27, 2023, for the launch of the agency’s Crew-5 mission to the International Space Station (ISS). The four Crew-6 crewmates – Commander Stephen Bowen, Pilot Warren “Woody” Hoburg, Mission Specialist UAE (United Arab E
Read more »
TikToker Emira D'Spain Documents Her Gender Confirmation Surgery - E! OnlineBeauty influencer Emira D'Spain brought followers along as she chronicled her journey to gender confirmation surgery on social media: 'I don't even have words to express my gratitude.'
Read more »