Indian blockchain advocacy group, the India Blockchain Alliance, has made a historic announcement of a strategic partnership with Ras Al Khaimah Digital Assets Oasis, the world’s only common law free zone for digital asset businesses.
The partnership aims to build a unified global blockchain ecosystem to promote innovation and talent exchange between India and the UAE. It will also provide Indian blockchain companies with easy access to the UAE market through RAK DAO’s ecosystem of over 400 companies, in addition to the legal and regulatory framework.
On the other hand, IBA’s extensive network and domain knowledge of the blockchain landscape in India has over 115 million crypto users, and will have a thriving startup ecosystem available for UAE-based companies.
IBA Founder Mr. Raj Kapoor says the company aims to bridge the environmental, social and governance gap in blockchain, by encouraging sustainable practices and responsible innovation. Their emphasis on transparency and decentralized governance harmonizes developments in the blockchain industry with ESG requirements, delivering ethical and sustainable growth. In a direct message to crypto.news, Kapoor said:
“We observe how such frameworks are deployed, their impact and how these best practices can be adopted nationally. This partnership aims to promote meaningful policy transformation at home.”
Kapoor emphasized the need to optimize existing structures, consume less energy for blockchain work and ensure that technological advancements are in line with sustainability goals. He noted that innovative technologies such as blockchain contribute to transparency and ethically produced products in sectors such as agriculture, fashion and electronics. This allows strict compliance with ESG regulations to be tracked in real time with blockchain-based certificates.
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Dubai’s Free Zones are an economic hub that offers tax incentives, 100% foreign investor ownership and relaxed contingent regulations, pioneering paths for international investors.
By providing a favorable environment for entrepreneurs, the zones have contributed to the diversification of the economy, with more than 40 free zones in the region.
The Web3 ecosystem has a very strong regulatory framework in RAK DAO, unlike India where regulatory uncertainty has stifled progress in the growth of blockchain technology.
It thus reduces operational hurdles, allowing innovators to focus on solutions rather than compliance, says Kapoor. Kapoor also hopes that this partnership can give Indian Web3 startups access to funding from international investors.
The free zone environment with common law frameworks such as RAK DAO is a cornerstone for blockchain. Common law creates legal certainty, investor protection and trusted dispute resolution mechanisms with a global reach, which are fundamental to any decentralized technology.
The stability of regulatory principles also attracts blockchain companies that need predictable, clear regulations to expand innovations and build trust in global markets.
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