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Jordan vs United States

Crypto regulation comparison

← Back to map | Jordan | United States
Jordan

Jordan

United States

United States

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 United States has the world's most complex crypto regulatory landscape, with overlapping federal and state jurisdictions. The SEC regulates crypto securities and has pursued enforcement actions against exchanges and token issuers. The CFTC oversees crypto derivatives and considers Bitcoin a commodity. FinCEN applies BSA requirements to crypto exchanges as money service businesses. The IRS taxes crypto as property: short-term gains at income tax rates (10-37%), long-term gains at 0-20%. New 1099-DA broker reporting rules take effect from 2025. Multiple states have their own requirements, with New York's BitLicense being the most stringent.

Tax Type Unclear
Tax Type Capital gains
Tax Rate N/A
Tax Rate 0-37%
Exchanges No No
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator CBJ (Central Bank of Jordan), JSC (Jordan Securities Commission)
Regulator SEC, CFTC, FinCEN, OCC, IRS, State regulators
Stablecoin Rules Not specifically regulated; CBJ does not endorse any crypto
Stablecoin Rules Stablecoin legislation actively being developed in Congress; existing oversight by SEC, CFTC, state regulators
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
  • SEC regulates crypto as securities under Howey test; major enforcement actions (Ripple, Coinbase, Binance)
  • CFTC classifies Bitcoin and Ether as commodities; oversees derivatives markets
  • IRS treats crypto as property: short-term gains taxed at 10-37%, long-term (1yr+) at 0-20%
  • FinCEN requires exchanges to register as MSBs and comply with BSA/AML requirements
  • 1099-DA broker reporting for centralized exchanges effective from tax year 2025
Sources
Sources