Regulatory Alerts2024-06-11
Added · Updated
Circular to Licensed Exchange Companies
The Central Bank of Jordan mandates that Licensed Exchange Companies maintain full compliance with the ongoing ban on dealing with all types of currencies and virtual assets. This prohibition covers direct and indirect transactions, including facilitating offerings, selling assets, processing financial transfers, and exchanging foreign currencies against virtual assets. The regulator warns that failure to adhere to these requirements will result in the imposition of severe legal penalties.
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