Italy vs Jordan
Crypto regulation comparison
Italy
Jordan
Legal
Restricted
Cryptocurrency is legal in Italy with a 26% capital gains tax on crypto profits exceeding €2,000 per year. VASPs must register with the OAM (Agents and Mediators Register). Italy was one of the first EU countries to require VASP registration and has aligned with MiCA.
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
Capital gains
Tax Type
Unclear
Tax Rate
26%
Tax Rate
N/A
Exchanges
Yes
Exchanges
No
Mining
Yes
Mining
Yes
Regulator
OAM (Organismo Agenti e Mediatori), Consob, Banca d'Italia
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Key Points
- 26% substitute tax on crypto capital gains exceeding €2,000 per year (since 2023 budget law)
- Italian government proposed raising crypto tax to 42% for 2025 but this was reduced back to 26%
- VASPs must register with OAM and comply with AML requirements
- Crypto holdings above €51,645.69 were previously the threshold; new regime simplified this
- MiCA framework applicable from December 2024
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