UAE RAK Financial institution has despatched an necessary replace to its prospects, noting that it has launched devoted transaction limits on the quantity prospects can use from their accounts to buy cryptocurrencies.
The financial institution mentioned that is anticipated to return into impact within the second quarter of 2026, and won’t take impact till June 2026 on the newest. That is geared toward serving to prospects commerce with confidence whereas maintaining their investments secure and manageable, in keeping with the letter.
What are RAK Financial institution’s new cryptocurrency buying and selling limits?
RAK units limits primarily based on buyer segmentation and specifies limits on cryptocurrency investments and each day cryptocurrency transactions.
For pure retail prospects, the restrict is at the moment set at 240,000 AED (equal to $65,000). For RAK Financial institution Choose prospects, the restrict is 576,000 AED (equal to $157,000) and lastly for RAK Financial institution Elite prospects, it’s 6 million AED (equal to $1.6 million).
RAK Financial institution additional explains that if a buyer’s complete funding (complete quantity spent on shopping for minus complete proceeds obtained from promoting) exceeds the allotted phase restrict, the shopper will exceed the digital forex buying and selling restrict.
RAK Financial institution additionally mentioned prospects might request a restrict enhance, which might require the financial institution’s approval and will require prospects to offer supporting documentation equivalent to proof of funds.
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RAK Financial institution seems to be the one financial institution taking such steps, however as Lara on the Block’s sources level out, Zand Financial institution at the moment has no restrictions on crypto buying and selling. This measure is carried out by banks that present cryptocurrency buying and selling providers.
RAK Financial institution retail prospects can solely commerce as much as $65,000 in cryptocurrency transactions. Supply: RAK Financial institution
Agreements signed by prospects of RAK Financial institution, in addition to Livebank, a subsidiary of Emirates NBD, give the financial institution the ability to set limits.
Web page 18 of Liv Financial institution’s Cryptocurrency Transaction Doc states that Liv Financial institution, a part of Emirates Financial institution, might impose limits on the buying and selling of cryptoassets and limits on the cryptoassets that may be traded, together with the variety of cryptoassets that may be traded and the variety of cryptoassets that may be held in a buyer’s pockets at one time.
Liv Financial institution can be one of many first banks within the UAE to supply crypto buying and selling providers on AquaNow.
In 2025, RAK Financial institution grew to become the primary financial institution to launch crypto brokerage providers by means of a cellular utility. RAK Financial institution partnered with BitPanda to supply this service by means of its cellular banking utility.
Moreover, RAK Financial institution has positioned restrictions on home remittances throughout the UAE and worldwide remittances exterior the UAE. The caps are each set at $500,000. Nevertheless, please be aware that entry to cryptocurrency buying and selling providers stays open.
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Earlier this week, S&P World Rankings mentioned Gulf banks might face a $307 billion home deposit outflow if the Center East battle escalates. The report mentioned there was no proof of large-scale outflows of international or home funds from banks within the Gulf, which have confirmed resilient, however the ranking company added that extended disputes might result in flight to high quality amongst banks throughout the similar system and broader exterior and home outflows.
Banks at the moment maintain about $312 billion in money or central financial institution reserves to soak up such outflows, with about $630 billion of further buffer out there after liquidating funding portfolios with a 20% haircut, S&P added.
Later that week, the UAE Central Financial institution introduced measures to help UAE banks’ liquidity with a package deal that features enhanced entry to order balances of as much as 30%.
