Jordan vs Timor-Leste
Crypto regulation comparison
Jordan
Timor-Leste
Restricted
No Regulation
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.
Timor-Leste has no specific cryptocurrency regulation. Uses the US dollar as its official currency.
Tax Type
Unclear
Tax Type
None
Tax Rate
N/A
Tax Rate
N/A
Exchanges
No
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Regulator
Banco Central de Timor-Leste
Stablecoin Rules
Not specifically regulated; CBJ does not endorse any crypto
Stablecoin Rules
No stablecoin regulation
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
- No specific cryptocurrency legislation
- Uses the US dollar as official currency
- Central bank has not addressed crypto regulation
- Very limited financial infrastructure
- Minimal crypto adoption