Jordan plans to develop comprehensive virtual and digital asset regulatory framework within a year

Odaily News Jordan has announced plans to develop a comprehensive regulatory framework for virtual and digital assets within a year, aiming to align with global standards and boost its digital economy.
The initiative, which will be led by the Jordan Securities Commission (JSC) and supported by the National Committee for Future Technology, will focus on creating the necessary legal and technological infrastructure to oversee crypto trading platforms and virtual asset activities.
A ministerial committee headed by the Minister of Digital Economy and Entrepreneurship, which includes officials from the country’s central bank, the JSC and the National Cybersecurity Center, will manage the challenges and guide the implementation of these regulations.
The move comes as Jordan seeks to address vulnerabilities identified by the Financial Action Task Force (FATF), which placed the country on a grey list in 2023 over concerns about virtual asset risks and money laundering vulnerabilities.