Gate News: On March 19, the UAE RAK Bank announced a cap on the amount of cryptocurrency trading for its customers. 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 total net purchase amount (total buy minus total sell). Customers can apply to the bank for a higher limit, 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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