Jordan Sets Plan for Comprehensive Digital Asset Regulations Within a Year
Jordan has officially approved an initiative to develop a comprehensive regulatory framework for digital assets, aiming to align with international standards and support its growing digital economy.
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Jordan Securities Commission to Regulate Global Crypto Platforms
Under the directive of Prime Minister Jafar Hassan, the Jordanian government has tasked the Jordan Securities Commission (JSC) with formulating regulations for virtual asset service providers. This framework will outline legal and technical requirements for licensing and overseeing global cryptocurrency exchanges operating within the country.
A key focus of the initiative is financial crime prevention, as highlighted in a recent JSC study. The framework aims to enhance transparency, security, and investor protection while ensuring compliance with global anti-money laundering (AML) and counter-terrorism financing (CFT) standards.
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Jordan’s Digital Economy Strategy
This move follows Jordan’s recent approval of a national blockchain policy, which is part of its Economic Modernization Vision. The policy seeks to enhance digital services, increase efficiency in government operations, and foster innovation in financial technologies. Authorities believe blockchain integration can strengthen public trust in digital services while boosting Jordan’s competitiveness in the global fintech space.
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Regulatory Oversight and Implementation
To oversee the regulatory process, the Jordanian government has established a ministerial committee, chaired by the Minister of Digital Economy and Entrepreneurship. This committee includes representatives from the JSC, the Central Bank of Jordan, and the National Cybersecurity Center.
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By implementing a structured regulatory framework, Jordan aims to attract international fintech firms, empower local entrepreneurs, and position itself as a regional leader in blockchain and digital finance innovation.
