UAE announces world’s first free zone dedicated to digital and virtual asset companies

UAE announces world’s first free zone dedicated to digital and virtual asset companies

Daily Current Affairs / UAE announces world’s first free zone dedicated to digital and virtual asset companies

Change Language English Hindi

Category : Science and Tech Published on: March 04 2023

Share on facebook

The government of Ras Al Khaimah (RAK), one of the seven emirates of the United Arab Emirates, has announced plans to establish RAK Digital Assets Oasis, the world's first free zone dedicated to digital and virtual asset companies.
The announcement was made at the Blockchain Life 2023 conference.
RAK Digital Assets Oasis will be a purpose-built, true innovation-enabling free zone for non-regulated activities in the virtual assets sector.
Ras Al Khaimah has developed a reputation as a hub for international business that is politically stable, has a forward-thinking, accommodating, and quick-to-adapt philosophy, as well as an environment that fosters innovation in a key time zone that bridges the gap between financial centres in the West and the East.

Recent Post's

"12th Fail" wins Best Film at 71st National Film Awards; multiple actors honoured across categories.
Read More....
Vice-Admiral Sanjay Vatsayan assumes charge as Vice Chief of the Indian Navy.
Read More....
Bihar’s draft voter list shows reduction of 65 lakh voters after intensive revision.
Read More....
Malta to host 2027 Commonwealth Youth Games with eight-sport lineup including sailing and water polo.
Read More....
Google to invest ₹51,000 crore in Asia’s largest data centre in Visakhapatnam.
Read More....
Cabinet approves ₹6,520 crore outlay for PM Kisan Sampada Yojana till 2025–26.
Read More....
Fitch cuts India’s FY26 GDP forecast to 6.3%, cites limited impact of U.S. tariffs.
Read More....
Deepak Reddy appointed CEO of Manappuram Finance to lead next growth phase.
Read More....
Mascot unveiled for Asia Rugby U-20 Championship to be held in Bihar’s Rajgir.
Read More....
Lt Gen Pushpendra Singh assumes charge as Vice Chief of Army Staff.
Read More....