According to Cryptopolitan, RAK Bank in the UAE has announced a cap on customer cryptocurrency transaction amounts, with the new rules set to take effect in the second quarter of 2026 (no later than 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 6,000,000 (approximately USD 1,600,000) These limits are calculated based on the customer’s cumulative net purchases (total purchases minus total proceeds from sales). Customers may apply to increase their limits, subject to approval and potentially requiring documentation such as proof of funds. RAK Bank became the UAE’s first bank to offer cryptocurrency brokerage services via a mobile app in 2025, in partnership with BitPanda.
RAK Bank Sets Crypto Transaction Limits for UAE Customers
TechFlowShare
Summary
RAK Bank has announced new cryptocurrency transaction limits for UAE customers, as part of the latest crypto news. Effective Q2 2026, the limits will be 240,000 AED for Retail, 576,000 AED for Select, and 6,000,000 AED for Elite tiers. The cap is based on net purchase amounts. Higher limits require approval and proof of funds. RAK Bank, the first UAE bank to offer on-chain crypto trading via a brokerage in 2025, partnered with BitPanda for its mobile app service.
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