By : JD News Desk
Jordan Daily – Jordan Securities Commission said on Thursday that the draft regulation for licensing virtual asset service providers is in its final stages and expected to be issued soon, following cabinet approval of its rationale and procedures for endorsement.
The regulation is based on the existing Virtual Assets Law and aligns with the National Council for Future Technology’s programs, established under directives from King Abdullah and overseen by Crown Prince Hussein.
The measure aims to create a secure, investment-friendly digital environment and enable local entrepreneurs to operate licensed platforms, offering investors greater protection compared to unregulated foreign exchanges.
The Commission said the initiative is part of broader efforts to modernize legislation in line with the Economic Modernization Vision. The draft was made available for public consultation through the Commission’s website and the government’s “Tawasul” platform, with feedback reviewed by a specialized committee.