Jordan’s new digital asset trading legislation will come into force 90 days following its publication in the official gazette.
Central Bank Digital Currency Not Covered by New Law
Jordan’s digital asset trading law is set to become effective in 90 days following the publication of the Virtual Currency Trading Law of 2025 in the official gazette. Once effective, the law will regulate virtual asset-related activities conducted within Jordan or carried out on behalf of third parties.
The law, however, does not cover digital securities and financial assets regulated by the Securities Commission or digital currency issued by the Central Bank of Jordan. As explained in a statement, the Jordanian Cabinet can still subject other digital representations of value to the provisions of the law and consider them investment instruments.
The law meanwhile clarifies that only entities licensed by the commission will be permitted to conduct operations in the kingdom.
“The law prohibits individuals or entities from conducting or promoting virtual asset activities within the kingdom unless licensed by the Securities Commission. Activities are considered within the kingdom if the service provider is established or has a business presence in Jordan or markets its services to Jordanian clients,” the statement explains.
Under the new law, the Securities Commission will be entrusted with licensing, monitoring and supervising virtual asset service providers. It is expected to ensure their compliance with relevant anti-money laundering and counter-terrorism finance regulations.
The law will also allow the Central Bank to authorize the use of virtual assets for payment purposes, provided specific regulations are followed. Additionally, the Central Bank will oversee financial institutions involved in certain virtual asset activities, but only after granting prior approval.
Meanwhile, individuals found to be in violation of the provisions face imprisonment of not less than one year and a fine ranging between $70,500 and $141,000. The law also empowers Jordanian authorities to shut down unlicensed entities.