India Blockchain Alliance Partners with UAE's RAK-DAO for Web3 Advancement

India Blockchain Alliance and RAK-DAO Collaboration

The India Blockchain Alliance (IBA) announced a significant partnership with the UAE's Ras Al-Khaimah Digital Assets Oasis (RAK-DAO) to promote Web3 cooperation. Through this alliance, both organizations aim to advance blockchain education, research, and development initiatives globally.

Enhancing Entrepreneurial Opportunities

This collaboration is expected to catalyze Web3 entrepreneurship while increasing awareness about blockchain applications. Indian Web3 firms will gain access to the more regulated Web3 ecosystem in the UAE, while UAE-based crypto companies can leverage India’s extensive pool of Web3 talent, enhancing business operations on both sides.

• Collaborative Blockchain Ecosystem: “This partnership paves the way for a collaborative blockchain ecosystem that supports businesses and innovators from both regions,” stated IBA founder Raj Kapoor.
• Regulatory Advancement: The UAE is a pioneer in forming regulations for the crypto sector, recently eliminating value-added tax on crypto transactions.
• Global Outreach: The IBA is expanding its international partnerships, having also engaged with Australia and Indonesia through the Bharat Web3 Association.

Conclusion

This alliance signifies a promising future for both India's and the UAE's Web3 sectors, driving industry growth and overcoming shared challenges.