Close Menu
  • Home
  • Startups
  • Channeliam Fact Check
  • Middle East
    • Exploring UAE
    • Emerging saudi
  • Shepreneur
    • Top Women Startups
  • Remembering Ratan Tata
  • More
    • Jobs and Internships
    • Funding
    • Entrepreneur
    • Technology
      • Auto
      • Gadgets
    • Updates
    • MSME
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
CHANGE LANGUAGE
What's Hot

Woman Mistakes Amitabh Bachchan for Papad Maker

26 June 2025

Zohran Mamdani’s Big Win in New York City Election

26 June 2025

Blood Donation Drive Marks Gautam Adani’s 63rd Birthday

26 June 2025
Facebook X (Twitter) Instagram
  • About Us
  • I am Startup Studio
  • I am an Entrepreneur
  • She Power
  • I AM NOW AI
YouTube Facebook Instagram LinkedIn X (Twitter)
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
  • Home
  • Startups
  • Channeliam Fact Check
  • Middle East
    • Exploring UAE
    • Emerging saudi
  • Shepreneur
    • Top Women Startups
  • Remembering Ratan Tata
  • More
    • Jobs and Internships
    • Funding
    • Entrepreneur
    • Technology
      • Auto
      • Gadgets
    • Updates
    • MSME
    • Movies
    • Travel
    • Events
    • Featured
    • Editor’s Pick
    • Discover and Recover
Change Language
Channeliam / Channel I'M EnglishChanneliam / Channel I'M English
Change Language
Home » UAE’s Crypto Free Zone
Instant

UAE’s Crypto Free Zone

News DeskBy News Desk22 March 2023Updated:22 March 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
Share
Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp

His Majesty Sheikh Saud bin Saqr Al Qasimi, Ruler of Ras Al Khaimah and Member of the UAE Supreme Council, has passed legislation to establish the world’s first free zone dedicated to digital and virtual asset enterprises.

The Ras Al Khaimah Digital Assets Oasis, established under Law No. 2 of 2023, is an independent governmental entity linked with the newly formed Department of the Future.

The new law gives RAK Digital Assets Oasis financial, administrative, and legislative autonomy, allowing it to operate as a purpose-built, innovation-enabling free zone in the virtual assets sector. The Digital Assets Oasis will be the world’s first free zone devoted to digital and virtual asset enterprises, with a complete, personalised, and innovative digital asset strategy.

His Highness also introduced Law No. 1 of 2023, which defined the formation of the Department of the Future, in addition to the construction of RAK Digital Assets Oasis. The law intends to boost economic growth and diversification in Ras Al Khaimah, promote its rising prominence as an innovation centre, and boost its competitiveness as an economic and global business destination. The new department will be critical in encouraging innovation and advancing the Emirate’s economic development in the digital era, placing Ras Al Khaimah as a leader in digital and virtual assets innovation and entrepreneurship.

His Highness will spearhead the project. Sheikh Saud bin Saqr Al Qasimi has nominated Sheikh Mohammed bin Humaid bin Abdullah Al Qasimi as Chairman of RAK Digital Assets Oasis and Dr. Sameer Al Ansari as CEO. Dr. Sameer Al Ansari is the CEO of RAK ICC and a member of the Board of Directors of Marjan, Ras Al Khaimah’s flagship master developer.

Sheikh Mohammed is the Chairman of RAK International Corporate Centre (RAK ICC) and a Board Member and Managing Director of RAKEZ.

RAK Digital Assets Oasis will open for applications in the second quarter of 2023, becoming the world’s only free zone dedicated solely to digital and virtual asset enterprises working in new and developing industries such as the metaverse.

banner business crypto crypto news cryptocurrencies cryptocurrency cryptocurrency market India UAE
Share. Facebook Twitter Pinterest LinkedIn Email Telegram WhatsApp
News Desk
  • Website

Related Posts

Woman Mistakes Amitabh Bachchan for Papad Maker

26 June 2025

Zohran Mamdani’s Big Win in New York City Election

26 June 2025

Blood Donation Drive Marks Gautam Adani’s 63rd Birthday

26 June 2025

Lulu’s ₹1500 crore IT towers bring major boost to Kerala

26 June 2025
Add A Comment

Comments are closed.

Careers
Recent Posts
  • Woman Mistakes Amitabh Bachchan for Papad Maker
  • Zohran Mamdani’s Big Win in New York City Election
  • Blood Donation Drive Marks Gautam Adani’s 63rd Birthday
  • Lulu’s ₹1500 crore IT towers bring major boost to Kerala
  • BSNL Targets Tier 2 Cities with Q5G FWA
Editors Picks

Woman Mistakes Amitabh Bachchan for Papad Maker

26 June 2025

Zohran Mamdani’s Big Win in New York City Election

26 June 2025

Blood Donation Drive Marks Gautam Adani’s 63rd Birthday

26 June 2025

Lulu’s ₹1500 crore IT towers bring major boost to Kerala

26 June 2025
About Us
About Us

The first exclusive digital video media platform for startups and future business leaders, Channel I’M, the brainchild of Mrs. Nisha Krishan, unveils the first glimpse of how Indian startups think/create/market futuristic products and services.

Subscribe to Updates

Get the latest creative news about entrepreneurs, startups, and businesses.

Updates
  • Woman Mistakes Amitabh Bachchan for Papad Maker
  • Zohran Mamdani’s Big Win in New York City Election
  • Blood Donation Drive Marks Gautam Adani’s 63rd Birthday
  • Lulu’s ₹1500 crore IT towers bring major boost to Kerala
  • BSNL Targets Tier 2 Cities with Q5G FWA
YouTube Facebook X (Twitter) Instagram Pinterest LinkedIn RSS
  • Home
  • About Us
  • Promotions
  • Careers
  • Contact Us
© 2025 Likes and Shares Pvt Ltd. Powered By arbaneo

Type above and press Enter to search. Press Esc to cancel.

Change Language
Malayalam
Hindi
Tamil
Change Language
Malayalam
Hindi
Tamil