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Dubai Law Firm Sets Sights on Digital Assets and Bitcoin

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According to reports, Irina Hever, a Dubai encryption lawyer, said that once Ras AI Khaimah Digital Assets Oasis (RAK DAO) found a suitable partner, it would e…

Dubai Law Firm Sets Sights on Digital Assets and Bitcoin

According to reports, Irina Hever, a Dubai encryption lawyer, said that once Ras AI Khaimah Digital Assets Oasis (RAK DAO) found a suitable partner, it would explore the business registration, office rent and other services of users through encryption such as Bitcoin and other stable currencies. RAK DAO would also explore the operation of Bitcoin all-node and lightning node to support the encryption payment plan.

RAK DAO in the UAE Free Zone will explore the operation of Bitcoin all-node and lightning node

Interpretation of the news:


Reports have emerged on Irina Hever, a Dubai encryption lawyer, who claims that Ras AI Khaimah Digital Assets Oasis (RAK DAO), has set its sights on exploring the business registration, office rent and other services of users through encryption. If the Dubai-based company can find the right business partner, it hopes to provide support for the payment of these services using Bitcoin and stable currencies.

The cryptocurrency industry is growing incredibly fast and the UAE is definitely not missing out on what the innovative trend has to offer. What’s more, because of the global pandemic, there has been a lot of virtual communication happening and this has increased the demand from users for remote business management services.

RAK DAO’s reported willingness to embrace virtual currency and other related technologies is a clear indication of its forward-thinking approach to market trends and its desire to stay ahead of the curve when it comes to emerging business sectors. By supporting Bitcoin all-node and lightning node, this move is expected to have a notable impact on payment processing in the cryptocurrency space.

RAK DAO is determined to offer clients a reliable platform that provides high-level data security and blockchain protection, while keeping up with the rapidly changing digital landscape. By offering payment options in Bitcoin, the company will adhere to modern payment systems, which promotes advanced security measures, better speed and global expansion. This will come as a reward to clients that opt for cryptocurrency and digital assets as their preferred means of payment.

RAK DAO’s vision is to provide speedy, efficient, and business-friendly services to local and international firms, to meet the needs of today’s fast-moving, technologically advanced market. Once an operational plan is in place, RAK DAO is set to provide competitive services and cater to clients with a comprehensive range of payment options for their needs.

In summary, Irina Hever’s comments have highlighted the UAE’s potential to take advantage of the current digital transformation and also, RAK DAO’s dedication towards staying at the forefront of this industry.

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