Krutika Adani
The UAE has introduced a legal framework to regulate DAOs, the central component of democratized blockchain governance.
The regulation classifies DAOs according to their capitalization and the number of members in. It simplifies rules and helps teams become
UAE has been a top destination for crypto-native companies and has attracted hundreds of top Web3 businesses, such as Crypto.com, Paxos, OKX, and many others.
A prime benefit that the UAE offers to companies is the lack of personal income taxes that help these companies attract top talent.
Decentralized Autonomous Organizations, or DAOs, are groups of token holders/users that govern a particular project or blockchain through democratic processes like voting.