Jordan is set to lift its ban on cryptocurrency trading, with the Jordan Securities Commission (JSC) announcing that a comprehensive regulatory framework for digital assets will be established by the end of the year. This development follows the cabinet's decision in October to end the prohibition, which was initially imposed due to concerns over risk and money laundering.
The forthcoming regulations will encompass licensing requirements for trading, custody, platform operations, and financial services, allowing only JSC-licensed entities to engage in virtual asset activities. Additionally, the Central Bank of Jordan may authorize the use of virtual assets for payment purposes under specific conditions.
Jordan to End Crypto Trading Ban, Introduce Regulations by Year-End
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