TechFlow News, March 19: According to Cryptopolitan, RAK Bank in the UAE announced limits on customers’ cryptocurrency transaction amounts. The new regulations will take effect in Q2 2026 at the latest (by June).
The specific limits, based on customer tiers, are as follows:
- Standard retail customers: AED 240,000 (approximately USD 65,000)
- RAK Bank Select customers: AED 576,000 (approximately USD 157,000)
- RAK Bank Elite customers: AED 6 million (approximately USD 1.6 million)
The above limits are calculated based on each customer’s cumulative net purchase amount (total purchases minus total proceeds from sales). Customers may apply to the bank for higher limits; however, such requests require approval and may necessitate submission of supporting documents, such as proof of funds. In 2025, RAK Bank became the first bank in the UAE to offer cryptocurrency brokerage services via a mobile application, in partnership with BitPanda.
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