Jordan vs Seychelles
Crypto regulation comparison
Jordan
Seychelles
Restricted
Legal
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.
The VASP Act 2024 effective Sept 2024 establishes FSA as regulator for virtual asset service providers. Exchanges require licensing. Mining and mixer/tumbler services are prohibited in Seychelles.
Tax Type
Unclear
Tax Type
No tax
Tax Rate
N/A
Tax Rate
0%
Exchanges
No
Exchanges
Yes
Mining
Yes
Mining
No
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Regulator
Financial Services Authority (FSA)
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Stablecoin Rules
Regulated under VASP Act 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
Key Points
- VASP Act 2024 enacted Aug 30, effective Sept 1, 2024
- FSA licenses and supervises all virtual asset service providers
- Mining facilities and mixer/tumbler services prohibited
- VASPs must maintain local office and resident director
- Licensed IBC VASPs taxed at 1.5% on assessable income