Cryptocurrency in Jordan

    Cryptocurrency is still gaining popularity in Jordan despite the fact that it is officially banned. While the Central Bank forbids regulated banks and financial institutions from working with crypto, citizens have not been put in jail for using digital assets. Therefore, more young adults with technical knowledge in Jordan are starting to use cryptocurrency for earning, saving, and sending their funds.

    Since so many young Jordanians can’t find work, there is a big reason to look for other ways to manage finances. There are many ways crypto can help people gain freedom: digital money works all over the world, it allows work as a freelancer, and it serves as a protection from uncertain financial conditions. In 2025, the Jordan Securities Commission launched a formal project to put crypto laws in writing, making it a key step for the country’s crypto policies.

    Target audience includes:

    • Young Jordanians seeking economic opportunity
    • Freelancers and remote workers paid in crypto
    • Investors and traders
    • Developers building blockchain tools
    • Policymakers and fintech innovators

    Basic Scene

    In Jordan, crypto adoption is no longer confined to hobbyists. It’s a growing grassroots movement led by a generation that is digitally literate but economically constrained. Without access to formal crypto infrastructure, users rely on global exchanges, P2P communities, and online education.

    Common use cases:

    • Trading and Investment: Many young Jordanians invest in Bitcoin, Ethereum, and altcoins for potential income.
    • Remittances: Crypto offers a faster, cheaper alternative to traditional money transfer services.
    • Freelance Payments: Remote workers get paid in crypto by international clients.
    • P2P Transfers: Locals exchange crypto informally using apps like Telegram and WhatsApp.

    Self-learning is key. From YouTube tutorials to crypto Twitter threads, users gain knowledge online. Despite warnings from authorities, crypto continues to thrive—especially as financial alternatives remain limited.

    Overall Crypto Market

    Jordan's crypto market, though unofficial, is active and expanding. The lack of regulatory clarity has not stopped hundreds of thousands of users from engaging with digital assets.

    Market highlights:

    • Projected revenue (2025): US$29.4 million
    • Expected revenue (2026): US$30.1 million
    • Growth rate (CAGR 2025–2026): 2.37%
    • Expected users by 2026: 894,750
    • User penetration (2025): 7.36%, rising to 7.72% in 2026
    • Average revenue per user: US$34.7

    Popular cryptocurrencies:

    • Bitcoin (BTC) is useful as a long-term investment asset.
    • The Ethereum network is useful for decentralized finance, non-fungible tokens, and smart contracts.
    • Tether (USDT) is known to be stable and easy to use when making transfers and daily transactions.

    Trading in the United Kingdom is often concentrated on significant international platforms, since the local system has not been built yet.

    Crypto Regulation in Jordan

    Over the years, the country has generally been cautious about cryptocurrencies. Although banks cannot handle digital assets as the Central Bank won’t allow it, individuals are not prohibited from using them. Fraud, changes in market values, and the lack of support for consumers have always been the main issues.

    At the beginning of 2025, the Jordan Securities Commission started to design a regulatory system. This is a big change to ensure that crypto is approved, supports investors, and speeds up new innovations.

    The draft framework is expected to include:

    • Licensing for exchanges and service providers
    • Clear definitions of digital assets
    • KYC and AML compliance requirements
    • Monitoring mechanisms for fraud and capital flight
    • Potential taxation and reporting obligations

    This development aligns Jordan with regional leaders like the UAE and Bahrain, where crypto regulation has attracted global players.

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    Crypto Exchanges & Platforms in Jordan

    Currently, Jordanian users rely on international exchanges due to the domestic ban on crypto-related financial services. Access is usually gained through VPNs and foreign payment methods.

    Commonly used platforms:

    • Binance
    • Coinbase
    • Kraken
    • P2P networks: Telegram groups, WhatsApp OTC channels

    Exchange access process:

    1. Use a VPN to bypass restrictions.
    2. Create an account on a foreign exchange.
    3. Fund it using crypto bought locally or via trusted OTC dealers.
    4. Use wallets to store or transfer crypto securely.

    With regulation on the horizon, legal local exchanges may emerge, improving transparency and access for Jordanian users.

    Cryptocurrency Wallets in Jordan

    Wallets are critical for storing, managing, and transacting with crypto—especially in a market lacking formal infrastructure. Jordanian users have adopted a mix of mobile-friendly apps and secure hardware solutions.

    Types of wallets used:

    • Hot wallets: MetaMask, Trust Wallet, Coinbase Wallet
    • Cold wallets: Ledger, Trezor (for higher-value storage)
    • Mobile/software wallets: Exodus, Atomic Wallet

    Wallet adoption is largely based on self-education and peer recommendations. While hot wallets are most common, many advanced users are shifting to cold wallets for long-term storage.

    Security concerns include:

    • Phishing scams and malicious apps
    • Poor seed phrase management
    • Social engineering in P2P trades

    As wallet use grows, so does the need for better public education on crypto safety.

    Crypto Taxation in Jordan

    As of now, Jordan does not impose taxes on crypto-related income. Crypto earnings, trades, and holdings are not subject to capital gains or income tax—mainly because there’s no framework to enforce them.

    Key facts:

    • No current tax obligations
    • No formal reporting requirements
    • No official classification of crypto as an asset or income

    This could change soon. The upcoming regulatory framework is likely to address:

    • Taxation of capital gains from crypto trading
    • Tax obligations for freelancers earning in crypto
    • Mandatory reporting standards for exchanges and users

    If implemented, this would mark a significant step toward integrating crypto into Jordan’s formal economy.

    Crypto Community & Education in Jordan

    The crypto community in Jordan is grassroots-driven and digitally native. With limited institutional involvement, most knowledge-sharing happens online or through informal meetups.

    Popular learning channels:

    • YouTube tutorials
    • Telegram groups
    • Twitter and crypto forums
    • Regional webinars and virtual events

    Though there are no major crypto conferences in Jordan yet, the situation is expected to change as regulation matures. Community-led groups and fintech influencers are already laying the foundation for crypto education.

    Notable figures:

    • Talal Tabbaa – Co-founder of CoinMENA, vocal advocate for crypto regulation in Jordan
    • Muhammad al-Srouji – Financial analyst and crypto educator

    Jordan's young population, strong in tech skills and English proficiency, gives the country a solid base for future blockchain innovation.

    Crypto’s Future in Jordan

    Jordan stands at a crossroads. What began as underground adoption is now being met with regulatory acknowledgment. With nearly 900,000 projected users by 2026, crypto is no longer fringe—it’s a growing segment of the financial ecosystem.

    If regulation is implemented effectively, Jordan could:

    • Unlock crypto as a legal investment tool
    • Establish licensed exchanges and fintech startups
    • Attract foreign and regional investment
    • Retain tech talent that otherwise seeks opportunities abroad

    Even though it’s hard to balance progress with finance, Jordan’s tech-savvy group of young people allows it to grow steadily in digital business.

    Frequently Asked Questions (FAQS)

    1. Is using cryptocurrency allowed by individuals in jordan?

     Although people can trade in crypto, entrepreneurs like banks are banned from taking part.

    2. Is Jordan a place where people can register for cryptocurrency exchange services?

    People most likely have to set up a VPN and choose another way to transfer funds.

    3. Is there an option to use crypto exchanges near you?

    For now, scientists do not plan to colonize other worlds. It seems that soon, domestic platforms might be permitted to operate with a license.

    4. How do Jordanians typically buy cryptocurrencies?

    VPNs make it possible for most users to purchase on international exchanges and via the local P2P network.

    5. Would buying crypto with money from a Jordanian bank account be possible?

    At this moment, banks are not permitted to handle crypto transactions.

    6. What are some concerns associated with trading cryptocurrency in Jordan?

    The biggest dangers are from unpredictable markets, deceitful scams, dangerous phishing attacks, and no official laws since trading is informal.

    7. Does the government in Jordan tax income from cryptocurrencies?

    At present, this is not possible. It is possible that laws created in the future could be enforced on taxes for capital gains and earnings made in crypto.

    8. What are the favorite wallets for Jordanians?

    For storing your crypto on a hot wallet, most people use Trust Wallet and MetaMask, but Ledger and Trezor are the keys for strong, secure storage.

    9. Is sending money to another country through crypto allowed?

    Many Jordanians prefer to send money using USDT or BTC because it is fast and no fee is charged.

    10. Will the Jordanian authorities issue their own digital currency?

    It is being considered at the moment. There are talks about whether the Central Bank should introduce a Central Bank Digital Currency (CBDC).