Jordan has approved an initiative to develop clear regulations for digital assets. The new regulatory framework is expected to be completed within one year, aligning Jordanian legal standards with international norms.
Jordan Securities Commission to Set Rules for Trading Platforms
The Jordanian government has decided to establish a comprehensive regulatory environment for digital assets to support the growth of the digital economy. Prime Minister Jafar Hassan chaired a key meeting where the government was tasked with launching this framework.
The government has instructed the Jordan Securities Commission (JSC) to define requirements for entities dealing with virtual assets. The JSC will be responsible for creating the legal and technical infrastructure for licensing and regulating global trading platforms.
According to studies, the JSC highlights the need for regulations aimed at combating financial crime, ensuring a secure environment for investors.
Digital Asset Regulations as Part of a Broader Strategy
The plan to introduce cryptocurrency regulations comes shortly after the approval of Jordan’s national blockchain strategy. As reported by Bitcoin.com News, this policy fits into Jordan’s broader vision for economic modernization.
Key objectives of the new blockchain strategy:
✅ Fostering service sector growth
✅ Strengthening the national economy
✅ Increasing exports of technology services
✅ Building public trust in government digital services
The Jordanian government believes that leveraging blockchain technology will enhance the country's competitiveness in regional and global markets while creating new opportunities for entrepreneurs.
Ministerial Committee to Oversee the Regulatory Process
To ensure a smooth implementation of regulations, a ministerial committee has been established to address potential challenges and oversee the regulatory process.
The committee will be led by the Minister of Digital Economy and Entrepreneurship and will include representatives from:
🔹 The Jordan Securities Commission (JSC)
🔹 The Central Bank of Jordan
🔹 The National Cybersecurity Center
The goal of this initiative is to ensure that the new regulatory framework is effective, secure, and fosters the growth of the digital sector. With this move, Jordan enters a new era of digital economy development, emphasizing transparency and technological innovation.
#DigitalAssets , #CryptoNewss , #CryptoRegulation , #BTC , #blockchain
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“