Dubai crypto lawyer Irina Heaver said that once Ras AI Khaimah Digital Assets Oasis (RAK DAO) finds a suitable partner, it will explore paying for user business registration, office rent and other services through cryptocurrencies such as Bitcoin and other stablecoins. RAK DAO will also explore operating Bitcoin full nodes and lightning nodes to support crypto payment plans.

Earlier news, Ras Al Khaimah in the United Arab Emirates launched a free trade zone, The RAK Digital Assets Oasis (RAK DAO), for digital and virtual asset companies, which will open for applications in the second quarter of 2023.

It is reported that RAK DAO will be dedicated to digital and virtual asset service providers in emerging technologies such as metaverse, blockchain, utility tokens, virtual asset wallets, NFT, DAO, DApps and other Web3-related businesses. Entrepreneurs have 100% ownership of their businesses and have their own tax plans and regulatory frameworks, except for the UAE's criminal law. #bitcoindifficulty, #Web3, #BNB