Date of Approval: June 16, 2025
Issuing Authority: Royal Hashemite Court of Jordan
Purpose: To provide a legal and regulatory framework for the supervision, licensing, and control of virtual assets in Jordan.

Key Provisions of the Law

• The Jordan Securities Commission (JSC) is designated as the regulatory authority.
• All entities offering virtual asset-related services—such as token issuance, digital asset trading, custodianship, and promotional services—must obtain a license from the JSC.
• The law aims to protect investors, encourage financial innovation, and ensure market integrity.
• A minimum fine of 50,000 JOD is imposed on individuals or entities operating in this field without proper licensing.
• The regulation is designed to align with international standards, particularly in anti-money laundering (AML) and combating the financing of terrorism (CFT).

Implementation Timeline

1. January 2025: Cabinet approved the regulatory roadmap for virtual assets with a 12-month implementation horizon.
2. A ministerial committee was formed, including representatives from the Ministry of Digital Economy, Central Bank of Jordan, Jordan Securities Commission, and the National Cybersecurity Center.
3. June 16, 2025: Royal Decree issued to enact the proposed legal framework.
4. By January 2026: Full implementation of licensing, monitoring, and enforcement is expected.

Strategic Implications

This royal decree enables Jordan to emerge as a secure and compliant jurisdiction for virtual asset businesses. It offers a strategic opening for initiatives such as blockchain conferences, token investment platforms, and digital innovation events.