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Search results for "RAK"

2026-03-19

11:16

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

Regulation & Policy

RAK Bank in the UAE announced that it will set limits on cryptocurrency trading amounts for customers starting in 2026. Regular retail customers will have a limit of 240,000 dirhams, RAK Bank Select customers 576,000 dirhams, and RAK Bank Elite customers 6,000,000 dirhams. Customers can apply to increase their limits, but approval is required and proof of funds must be provided.

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