The Jordanian government has approved an initiative to create a comprehensive regulatory framework for digital assets within a year. The new framework aims to align Jordan’s regulations with global standards and foster a robust digital economy. Prime Minister Jafar Hassan chaired the meeting that mandated the initiative’s launch.
The Jordan Securities Commission (JSC) has been tasked with developing a legal and technical infrastructure to regulate and license global trading platforms for virtual assets. The framework is expected to address financial crimes, as highlighted in a recent JSC study. This move follows Jordan’s approval of its blockchain policy, which is part of its Economic Modernization Vision aimed at improving service sectors and boosting national development.
The digital asset framework will also help Jordan improve its competitiveness in global markets and create opportunities for local entrepreneurs. A ministerial committee, chaired by the Minister of Digital Economy and Entrepreneurship, will oversee the regulatory process, with input from the JSC, central bank, and National Cybersecurity Center.
