Country overview

#131
Jordan

Country stats

Rating Points
45
This indicator describes the overall rating of a given jurisdiction on several parameters according to cryptocurrency operations - market volume, crypto regulation, business climate, taxation framework.
Crypto Penetration
1.58%
Estimated percentage of crypto users out of the country's total population based on public data.
Legal Entities
0
Number of crypto companies registered in the country based on regulator data if available or other types of public data.
Regulation Points
0
An overall assessment of the granularity of crypto regulation in a given country. A high score is also given to countries where cryptocurrency transactions are highly regulated.
Amount of crypto users
178Β 000
Total amount of crypto users out of the country's total population based on public data.
Taxation points
15
This figure, according to our analysts' calculations, indicates the overall level of tax burden for cryptocurrency transactions in a given country. The higher the indicator, the lower the burden.
Market volume points
0
A rough estimate of this jurisdiction's retail crypto market relative to the rest of the world. The higher the indicator, the higher the market potential.
Status of crypto
Ban
General status of cryptocurrency regulation in this jurisdiction.
Crypto payments
Ban
The legal status of cryptocurrency payments for goods and services in a given country based on information from regulators, public data and feedback from our community.
Security Level
Minor danger
The overall level of security in a given country based on open data.
Crypto Salaries
No info
The legal status of cryptocurrency salaries to employers in a given country based on information from regulators, public data and feedback from our community.
Business Climate
No info
Overall assessment of the friendliness of this country for crypto-business. This indicator takes into account the cost of obtaining a license and the attitude towards crypto entities in the country.
Stablecoin Regulation
No info
This indicator is evaluating the regulation of stablecoins in a given country. Complex regulation means that it is possible to issue steiblcoins and obtain a license for this activity. Basic regulation means that the issuance of stablecoins is possible, but not all legal aspects are defined in the law. Standard regulation means that there is a legal practice of steylcoin circulation in a given country.
Bad Factors
No
This section describes the unfavorable economic factors for crypto-business in a given country. These are countries that are under sanctions or on the FATF grey list and other factors.
Types of licenses
No licenses exist
Good
Medium
Bad
intro

This is general info about crypto regulation in Jordan. A more precise overview will be published later. However, if you find any inaccuracy or have other feedback - please write us in telegram @ilya_ii or by e-mail - editor@cryptopenetration.com

Jordan is a state located in the Middle East. Based on Wikipedia (1) Jordan's population is 11.5 million people and its area is 90,000 kmΒ². About β…” of the Jordan population works in the field of tourism and unemployment rate in the country is about 22%.

According to Visaguide (2) Citizens of some countries can enter Jordan without a visa. Still, others will need to obtain a visa on arrival, which is valid for 30 days for a single entry, or apply for a visa at the Jordanian Embassy. Visa price is about $60 and in some cases (visiting Aqaba, program Jordan pass) - it’s possible to get it for free. You can check more information about Jordan Pass program (3) organized by the Local Ministry of Tourism.

Based on Expatfocus (4) it’s possible to get a residence permit in Jordan for students, temporary workers and long term tourists. This jurisdiction also has a special immigration program for foreign investors and one more possible case to move in the country is a marriage.

There is an option to get Jordanian Citizenship (5) by Investment into the economy like purchasing state’s bonds/deposit funds to the Central Bank. The essential amount of investments is about $1,000,000.

Security level

Jordan has a minor danger security level according to our rating. Jurisdiction has 59.6  points (from 100) for safety level in Numbeo crime rating (6). The homicide level (7) is 1.1 per 100,000 inhabitants a year. Level of firearm-related death (8) 0.24 per 100,000 inhabitants a year.

Crypto Payments

The Central Bank of Jordan (9) prohibits banks, currency exchanges, financial companies, and payment service companies from dealing in bitcoins or other digital currencies. While it warned the public of the risks of bitcoins, and that they are not legal tender, bitcoins are still accepted by small businesses and merchants.

Crypto Salaries

Cryptocurrencies in Jordan are not legal tender, so paying salaries in cryptocurrencies is not regulated in the country.

Legal

Π‘rypto trading is booming in Jordan based on local media (10) and there are at least about 129,000 of people who owns crypto in this jurisdiction. However, according to Coinmarketcap review (11) there is a formal ban on crypto transactions in the country. However, it doesn’t stop locals from accessing crypto exchanges through the web.

Taxation

Based on PWC tax summaries (12) the headline CIT rate for banks is 35%; for telecommunication, insurance corporations, and financial intermediaries is 24%; for other corporations is 20%. The headline PIT rate is 30%. The headline corporate capital gains tax rate is 20%.