Cameroon vs Jordan
Crypto regulation comparison
Cameroon
Jordan
Restricted
Restricted
Cameroon has no specific national cryptocurrency legislation. As a CEMAC member, COBAC issued a 2022 directive banning financial institutions from facilitating crypto transactions. BEAC opposes crypto regulation and does not recognize cryptocurrencies. Individual ownership is not explicitly banned but access via formal banking is restricted.
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
None
Tax Type
Unclear
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
BEAC (Bank of Central African States), COBAC
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Stablecoin Rules
Not applicable — COBAC bans financial institutions from crypto transactions
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Key Points
- No specific national cryptocurrency legislation
- COBAC 2022 directive bans banks and payment providers from facilitating crypto transactions
- BEAC firmly opposes cryptocurrency regulation in the CEMAC region
- Part of the CEMAC monetary zone with the CFA franc
- Nearly 900,000 crypto users in Cameroon despite restrictive banking environment
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