[UAE RAK Bank Sets Limits on Cryptocurrency Transactions, Standard Retail Customers Capped at Approximately $65,000] According to Deep Tide TechFlow on March 19, as reported by Cryptopolitan, UAE's RAK Bank has announced limits on cryptocurrency transaction amounts for customers. The new regulations will officially 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: 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 purchase amount minus total sale proceeds). Customers can apply to the bank for higher limits, but this requires approval and may necessitate the submission of proof of funds and other documents. In 2025, RAK Bank became the first bank in the UAE to offer cryptocurrency brokerage services through a mobile application, in partnership with BitPanda.