Amman, May 12 - The Senate Finance and Economic Committee, chaired by Senator Rajai Muasher, approved the Virtual Assets Regulation Bill of 2025 on Monday, as received from the House of Representatives.
This came during a meeting attended by Minister of State for Economic Affairs Muhannad Shehadeh, Minister of State for Legal Affairs Dr. Fayyad Qudah, Minister of State for Digital Economy and Entrepreneurship Eng. Sami Smeirat, Deputy Governor of the Central Bank Ziad Ghanma, Chairman of the Board of Commissioners of the Jordan Securities Commission Dr. Adel Bino, and Head of the Anti-Money Laundering and Terrorism Financing Unit Samia Al-Sharif.
The rationale for the draft law is to regulate activities related to virtual assets, define related activities, supervise and monitor them, and protect those dealing with them. This ensures a balance between supporting technological innovation and maintaining financial and economic stability, while adhering to international standards, particularly those related to combating money laundering and terrorist financing.
The draft law also defines the duties and powers of the Jordan Securities Commission in regulating this sector, including granting licenses, ensuring service providers' compliance with legal requirements, and taking the necessary oversight measures.