Bahrain vs Jordan
Crypto regulation comparison
Bahrain
Jordan
Legal
Restricted
Bahrain is one of the most crypto-friendly jurisdictions in the Middle East. The Central Bank of Bahrain introduced a comprehensive crypto-asset regulatory framework in 2019, and there is no personal income or capital gains tax. Several major exchanges including Binance have obtained licenses.
Jordan restricts cryptocurrency use. The Central Bank of Jordan has issued multiple warnings against crypto use and prohibits banks and financial institutions from dealing in it. The JSC does not recognize crypto as a financial instrument. However, private ownership is not explicitly criminalized.
Tax Type
No tax
Tax Type
Unclear
Tax Rate
0%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
CBB (Central Bank of Bahrain)
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Stablecoin Rules
Regulated under CBB crypto-asset module; stablecoin issuance requires CBB licensing
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Key Points
- CBB Crypto-Asset Module provides a full regulatory framework for exchanges, custodians, and brokers
- No personal income tax or capital gains tax in Bahrain
- Licensed exchanges include Binance (CoinMENA), Rain, and others
- VASPs must meet AML/CFT requirements and obtain CBB licensing
- Bahrain positions itself as a regional fintech and crypto hub
Key Points
- CBJ prohibits banks and payment companies from dealing in cryptocurrency
- JSC does not recognize or regulate crypto as a security or financial instrument
- Multiple government warnings issued advising against crypto investment
- Private ownership of crypto is not explicitly criminalized
- Jordan has explored blockchain for government services but remains cautious on crypto trading