Regulatory Alerts2021-11-16
Added · Updated
Central Bank of Jordan Circular on the Prohibition of Virtual Currencies and Assets
The Central Bank of Jordan reiterates the prohibition on dealing with all types of virtual currencies and assets for all entities under its supervision, including the insurance sector and future regulated entities. The ban covers specific activities such as exchanging virtual assets for fiat currency, transferring virtual assets, storing or managing them, participating in their issuance or sale, dealing in related futures or funds, and opening client accounts for these transactions. This directive confirms the continued validity of previous circulars from 2014, 2018, and 2019 regarding this prohibition.
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