Regulatory Alerts2019-11-26
Added · Updated
Circular Prohibiting All Forms of Dealing with Cryptocurrencies Including Dagcoin
The Central Bank of Jordan prohibits all banks and financial companies under its supervision from engaging in any form of dealing with cryptocurrencies, specifically Dagcoin. The directive bans purchasing, selling, exchanging, trading futures, or investing in funds related to these currencies for the benefit of the institutions or their clients. This prohibition reiterates previous circulars issued in 2014 and 2018 and was effective as of November 26, 2019.
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