Micronesia vs Jordan
Crypto regulation comparison
Micronesia
Jordan
No Regulation
Restricted
Micronesia has no specific cryptocurrency regulation. Uses the US dollar as its official currency.
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
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
Department of Finance and Administration
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Stablecoin Rules
No stablecoin regulation
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Key Points
- No specific cryptocurrency legislation
- Uses the US dollar as official currency
- Very limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services
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