Jordan's Virtual Assets Law (Law No. 14 of 2025) — What It Means

In 2025, Jordan enacted the Virtual Assets Law (Law No. 14 of 2025), creating the country’s first formal regulatory framework for cryptocurrency and digital asset services. This law establishes a licensing system for Virtual Asset Service Providers (VASPs) under the Jordan Securities Commission (JSC), marking Jordan’s transition from a “permissive but unregulated” crypto environment to one with structured oversight.

For years, Jordan’s position on cryptocurrency was defined by what it wasn’t: not banned, not regulated, not recognized as legal tender. The Central Bank of Jordan issued warnings but no prohibitions. Individuals could freely buy, sell, and hold crypto, but platforms operated without any formal licensing path.

Law No. 14 of 2025 changes this fundamentally.

What the Law Does

1. Creates VASP Licensing

The law establishes a formal licensing framework for Virtual Asset Service Providers. Any entity offering virtual asset exchange, transfer, custody, or related services to customers in Jordan must obtain a license from the Jordan Securities Commission.

This includes:

• Exchanges — platforms that facilitate buying and selling of virtual assets (like USDT) for fiat currency (like JOD)
• Custodians — services that hold virtual assets on behalf of customers
• Transfer services — platforms that enable the transfer of virtual assets between parties

2. Assigns Regulatory Authority to the JSC

The Jordan Securities Commission is designated as the primary regulator for virtual asset activities. The JSC has published:

• The Virtual Asset Service Providers Licensing Regulation (Regulation No. 94 of 2025), published in the Official Gazette on 16 December 2025 and in force since January 2026
• An electronic preliminary approval application form (since January 2026)
• Draft executive instructions, published for public comment on 15 January 2026 and still a draft

3. Establishes Consumer Protections

The licensing framework introduces requirements around:

• Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance
• Segregation and protection of client assets
• Transparent disclosure of services, fees, and risks
• Record-keeping and audit trail requirements

4. Provides a Path for Banks

The law also allows certain Central Bank of Jordan-supervised financial institutions to conduct virtual asset activities with prior CBJ approval, creating a parallel regulatory channel for traditional financial institutions.

Where Licensing Stands Today

The law is in place, but the licensing process is still under way:

• The licensing regulation (Regulation No. 94 of 2025) has been in force since January 2026.
• The executive instructions are still a draft.
• Companies have applied, and the JSC says the applications are still under review.

As of 23 October 2026, no company holds a virtual-asset (VASP) license from the JSC yet: on 22 September 2026 the JSC stated that no VASP is licensed by it and that applications are still under review. Source: the JSC’s statement on its official LinkedIn page.

So today a license cannot tell one provider from another, because nobody holds one. What you can check instead: whether the provider is a real Jordanian company, how far its license application has got, how long it has traded, whether there are real people you can reach, and what outside reviews say. Anyone who claims today to be “licensed by the JSC” for virtual assets is contradicting the JSC’s own statement.

What This Means for Crypto Users in Jordan

For individuals: Your right to buy, sell, and hold crypto is unchanged. The law does not restrict individual ownership. What changes, once the JSC starts issuing licenses, is that the platforms you use will be licensed and supervised, which should mean better consumer protections, clearer dispute resolution, and more accountability.

For businesses: If you provide a virtual asset service in Jordan — whether an exchange, a custody service, or a transfer platform — the licensing path runs through the JSC, starting with its online preliminary approval form. Applications are still under review, and no license has been issued yet.

For the market: Licensed platforms will be able to operate with greater legitimacy, potentially opening doors to banking relationships and institutional partnerships that were previously impossible in the unregulated environment.

How This Compares Regionally

Jordan’s approach follows a clear regional trend:

Jordan is now positioned alongside the early movers in Arab world crypto regulation.

What vexjo Is Doing

vexjo has been operating as a USDT OTC exchange in Jordan since 2016. When Law No. 14 of 2025 was enacted, we welcomed it — regulation validates the service model we’ve been building for years.

We applied under Jordan’s virtual-asset law (application no. VASP-20260328-25) and in June 2026 became the first company to complete all of the JSC’s licensing requirements. Like every other applicant, we do not hold a license yet. Where our application stands.

Our platform was already built with compliance in mind:

• KYC: Every user verifies their Jordanian phone number
• AML-conscious design: Full audit trail on every transaction
• Payment methods: In the app: CliQ. Through our OTC desk: bank transfer (IBAN) or cash. CliQ is run by JoPACC under Central Bank of Jordan supervision
• On-chain verification: Every USDT transfer is verified on the blockchain

The licensing process formalizes what we’ve been doing from the start.

Key Takeaways

1. Jordan now has a crypto regulatory framework. Law No. 14 of 2025 is published, and its licensing regulation has been in force since January 2026; the executive instructions are still a draft.
2. The JSC is the regulator. VASP license applications are under review.
3. Individual crypto ownership is unaffected. The law regulates platforms, not users.
4. No one holds a license yet. As of 23 October 2026, the JSC has issued no VASP license, so check what you can today: a real Jordanian company, how far its application has got, its track record, real people, outside reviews.
5. This is good for the market. Regulation brings legitimacy, consumer protection, and potentially better banking access.

Jordan’s crypto market just grew up. For platforms like vexjo, this is exactly what we’ve been preparing for.

vexjo is a USDT OTC exchange serving Jordan since 2016. VASP license application ref. VASP-20260328-25. Start trading at vexjo.com