The Jordan Securities Commission has published draft Executive Instructions for Virtual Asset Activities for 2026, aligned with the entry into force of the 2026 Virtual Asset Service Providers Licensing System. The draft sets out proposed technical and operational requirements for regulating virtual asset activities and is accompanied by an Initial Approval Request Form for virtual asset service providers. The draft comprises 127 articles covering general provisions for licensees and rules for virtual asset platform operators, custodians, trading brokers and issuance offerors, alongside customer handling and investor protection, governance, marketing and advertising, attribution, financial requirements and guarantees, periodic reporting and external audits, accreditation of natural persons to a licensee, and technical and cybersecurity requirements. It also introduces risk management controls and a customer classification framework intended to align protections with customers’ nature, experience and risk profile, and includes measures aimed at ensuring clarity of public information and limiting misleading or exaggerated marketing. The Commission invited companies, investors, relevant authorities and other interested parties to submit feedback via the Tawasul Government Platform. It noted that the project was prepared in cooperation with the Central Bank of Jordan, the Anti-Money Laundering and Combating the Financing of Terrorism Unit, the National Center for Cybersecurity, and the Ministry of Digital Economy and Entrepreneurship.

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