Jordan Securities Commission Publishes Draft Project of Executive Instructions for Virtual Assets Activities for the Year 2026, Coinciding with Enforcing Regulation No. (94) for the Year 2025 - The Regulation of Licensing Virtual Assets Services Providers
15-Jan-2026
Jordan Securities Commission JSC published on its electronic website the Draft Project of Executive Instructions for Virtual Assets Activities for Year 2026, coinciding with Enforcing Regulation No. (94) for the Year 2025 - The Regulation of Licensing Virtual Assets Services Providers.
The Commission invites companies, investors, stakeholders, and interested entities to submit their opinions and suggestions on the instructions at the Government’s Platform: Tawasal. The Commission has also published an Online Application Form for Initial Approval for Virtual Assets Services Providers VASP, available in both languages; Arabic and English.
The Draft Project of Instructions consists of 127 Articles including General Provisions for Licensed Persons, Virtual Assets Platform Operators, Virtual Assets Custody, Virtual Assets Trading Broker and Issuance Offering Providers. As well as, Dealing with Clients and Protecting Investors, Governance of Licensed Persons, Marketing, Promotion and Advertising as well, Outsourcing, Financial Requirements and Guarantees, Periodic Reports and External Auditing and Registration of Natural Persons for the Licensed Person, Technical and Cybersecurity Requirements and General and Concluding Provisions.
The Draft Project of Executive Instructions for the Year 2026 aims to establish technical and operational requirements to regulate virtual assets activities, focusing on enhancing transparency, security and protecting clients’ assets, through rules ensuring clarity of information provided to the public, regulating advertising and marketing means and forbidding any practices that may cause misleading or exaggerating the benefits of services or undermining such risks.
The instructions include also precautionary controls for risk management, including addressing different types of risks with a preventative approach considering the interests of dealers. As well as, regulating the process of clients’ classification of the Licensed Person, to ensure that the level of protection is aligned with the client’s nature, experience, and the level of risks.
The Commission stresses that such executive framework is a practical step to enhance confidence in the market, raise the efficiency of practices and establish professional standards balancing between supporting innovation and protecting dealers. The Draft Project is a national project prepared in cooperation with our partners in the Central Bank of Jordan CBJ, the Anti-Money Laundering and Counter Terrorist Financing Unit AML/CTF Unit, the National Cyber Security Center NCSC, and the Ministry of Digital Economy and Entrepreneurship MoDEE.