In a step that reflects Jordan’s early recognition of the importance of virtual assets and the opportunities and challenges they present, the Central Bank of Jordan, in cooperation with the Arab Monetary Fund, organized a specialized workshop on the sidelines of the Jordan FinTech Festival 2025. The workshop brought together representatives from regulatory and supervisory authorities, law enforcement agencies, as well as leading institutions from the financial and banking sector. The gathering underscored Jordan’s commitment to fostering a balanced legislative and regulatory environment that encourages innovation while safeguarding financial system stability.
H.E. the Governor of the Central Bank of Jordan inaugurated the workshop with welcoming remarks, emphasizing that virtual assets have become one of the most pressing global issues shaping economic and regulatory agendas. He highlighted that virtual assets are not only a fertile ground for innovation and the development of financial services but also present significant challenges and risks related to money laundering, terrorist financing, consumer protection, and financial system stability.
His Excellency noted that Jordan, under the guidance of His Majesty King Abdullah II Ibn Al Hussein and the follow-up of His Royal Highness Crown Prince Al Hussein bin Abdullah II, has in recent years conducted in-depth studies on this phenomenon and engaged in consultations with regional and international partners. This effort culminated in the enactment of Virtual Assets Law, which serves as the cornerstone for establishing a comprehensive, balanced, and nationally tailored legislative and regulatory framework aligned with global best practices.
He further explained that draft regulatory instructions are currently being prepared to pave the way for the practical implementation of the law. This critical phase requires the integration of roles between regulatory and supervisory bodies, financial and banking institutions, fintech companies, and entrepreneurs.
The Governor stressed that the workshop serves as an important platform for knowledge exchange, reviewing international experiences, and fostering constructive dialogue among regulators, policymakers, experts, and investors. Such engagement contributes to building a balanced ecosystem that enhances innovation and supports financial and economic stability.
For his part, H.E. Dr. Fahad M. Alturki, Director General Chairman of the Board of the Arab Monetary Fund, emphasized that within the framework of the AMF’s new strategy during its transformation phase—to be a pillar for a strong Arab region, and a leader in economic stability and sustainable growth—the financial industry is witnessing a pivotal moment. The rapid pace of digitalization of financial services, innovations in financial infrastructure, the use of distributed ledger technology (DLT) and smart contracts, the rise of decentralized finance (DeFi), and the adoption of artificial intelligence have led financial authorities worldwide, regardless of their level of development, to update regulatory and supervisory frameworks. In parallel, they are introducing digital regulatory and supervisory technologies to keep pace with this transformation.
At the conclusion of the workshop, participants stressed the importance of continued coordination between regulatory and supervisory bodies and the financial and banking sector, as well as drawing on international experiences. Such efforts are essential to strengthening trust, advancing digital transformation, and opening new investment opportunities that benefit both Arab and global economies.