David Edwards
The Jordanian government has approved an initiative to create a comprehensive regulatory framework for digital assets, aligning with global standards and fostering a robust digital economy.
Jordan Securities Commission to Oversee Crypto Regulations
The Jordan Securities Commission (JSC) has been directed to develop legal and technical guidelines for licensing and regulating global trading platforms operating within the country. The initiative, spearheaded by Prime Minister Jafar Hassan, aims to combat financial crimes while enhancing Jordan’s position in the digital economy.
A recent JSC study underscored the urgency of establishing a clear regulatory structure to prevent illicit financial activities and ensure compliance with international financial regulations.
Jordan’s Push for Blockchain and Digital Economy Growth
Jordan’s commitment to digital transformation follows its approval of the national blockchain policy in December 2024. As reported by Bitcoin.com News, this policy aligns with the country’s Economic Modernization Vision, designed to:
- Enhance the efficiency of service sectors
- Support national economic development
- Boost the export of digital services
By integrating blockchain technology, Jordan aims to improve transparency and strengthen public trust in government services.
Strategic Goals: Competitiveness and Innovation
With the introduction of a digital asset regulatory framework, Jordan seeks to:
- Attract international digital asset businesses
- Support local entrepreneurs in the fintech and crypto sectors
- Strengthen Jordan’s competitiveness in regional and global markets
A ministerial committee has been established to oversee regulatory developments and address potential challenges. The committee is chaired by the Minister of Digital Economy and Entrepreneurship and includes representatives from:
- Jordan Securities Commission (JSC)
- The Central Bank of Jordan
- The National Cybersecurity Center
By implementing a well-defined digital asset framework, Jordan aims to position itself as a leading financial technology hub in the Middle East, fostering both domestic innovation and foreign investment in the digital asset sector.
