Bank · United Arab Emirates
RAKBANK
The National Bank of Ras Al Khaimah (P.S.C.) · rakbank.ae (opens source in new tab)
Crypto readiness score
2/3 status dimensions verified · 1 initiative · last verified 2026-11-04
Score breakdown
How the number above is built — every input is a verified tracker status with a dated source.
| Component | Weight | Points | Basis (verified input) |
|---|---|---|---|
| Commercial availability | 35 | 24.5 | Live — restricted / specific counterparties · initiative |
| Regulatory standing | 25 | — | No verified status — not scored |
| Technical delivery | 20 | 15 | Live — restricted / specific counterparties · initiative |
| Product breadth | 15 | 5 | 1 product category with a verified status: Crypto services |
| Recent verified activity | 5 | 0 | No verified change in the last 365 days |
Score = sum of points, rounded. Only verified tracker statuses count; “Unknown” earns nothing and is never estimated. Methodology
Initiatives (1)
Regulatory, technical and commercial status are kept separate: an authorisation is not a launch.
Crypto services · United Arab Emirates
RAKBANK × Bitpanda: crypto brokerage in AED in the RAKBANK app (VARA-regulated Bitpanda Broker MENA)
- regulatory
- Unknown
- technical
- Live — restricted / specific counterparties2025-07-29
- commercial
- Live — restricted / specific counterparties2025-07-29
RAKBANK said on 29 July 2025 it had become the first conventional bank in the UAE to offer crypto brokerage to retail customers, letting them buy, sell and swap crypto in AED from their accounts in the RAKBANK app on Bitpanda’s platform via VARA-regulated Bitpanda Broker MENA DMCC, initially by invitation only.
Scope: UAE; RAKBANK retail customers (invitation/application); services by Bitpanda Broker MENA DMCC.
In tracker · last verified 2026-11-04
Licences & registrations
Regulator records (or MiCA Art. 60 notifications — a notification, not an authorisation).
No licence or registration record in our verified data. This means “not reviewed”, not “unlicensed”.
Partners & providers
From tracker records and verified item text only. “Co-named” means both appear in the same source — open it for context. Full map
- BCV · named role (tracker) · VARA-regulated VASP
Regulator records & actions
Register entries and regulator publications that name this institution.
None in our verified data.
Markets (from stated target markets): United Arab Emirates
Timeline
Status changes (tracker history), verified items and regulatory dates, newest first.
2025-07-29 · Status
Crypto brokerage launched in the RAKBANK app, by invitation only.
Data: /api/banks.json (CC BY 4.0) · Spot an error? Corrections
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