UAE's RAK Bank Sets Limit on Cryptocurrency Transactions, with Retail Customers Capped at Approximately $65,000

DeepFlowTech · 2026-03-19T11:05:36+00:00

UAE's RAK Bank announced that it will set limits on customers' cryptocurrency transaction amounts starting in 2026. Regular customers will have a limit of 240,000 dirhams, RAK Bank Select customers 576,000 dirhams, and Elite customers 6,000,000 dirhams. Customers can apply for limit increases.

DeepFlowTech

2026-03-19 11:05:36

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Deep Tide TechFlow News, March 19: According to Cryptopolitan, RAK Bank in the UAE announced a cap on customer cryptocurrency transaction amounts. The new regulation will officially take effect in the second quarter of 2026 (by June at the latest).

The specific limits based on customer tiers are as follows:

Regular retail customers: 240,000 AED (approximately $65,000)

RAK Bank Select customers: 576,000 AED (approximately $157,000)

RAK Bank Elite customers: 6,000,000 AED (approximately $1.6 million)

The above limits are calculated based on the customer’s cumulative net purchase amount (total buy amount minus total sell amount). Customers can apply to the bank for higher limits, but approval is required and they may need to submit proof of funds or other documentation. In 2025, RAK Bank became the first bank in the UAE to offer cryptocurrency brokerage services via a mobile app, in partnership with BitPanda.

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