The Jordan Securities Commission set out its approach to managing cybersecurity risks in crypto markets and confirmed it is working to complete instructions regulating dealings in virtual assets before the end of 2025. The Commission framed its regulatory vision around promoting innovation and transparency, creating a safe environment for cryptocurrency trading, and building trust among stakeholders. The forthcoming instructions are expected to establish a licensing framework covering brokerage and trading, custody services, platform operators, and financial services related to offering and issuing virtual assets, with standards focused on technical readiness, governance, operating capital, and compliance with anti-money laundering and counter-terrorist financing requirements. The Commission also highlighted the scale of cybercrime-related losses and the need for strong asset protection measures for both hot and cold wallets, and indicated work under way on advanced blockchain analysis tools to detect financial crimes alongside incident response plans, operational risk controls, and periodic penetration testing. Next steps centre on completing the virtual asset instructions before end-2025.

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