When you think about Central Bank of Jordan, the government institution that manages Jordan’s currency, monetary policy, and banking system. Also known as CBJ, it sets interest rates, prints the Jordanian dinar, and oversees all licensed banks in the country. Unlike some nations that have embraced crypto with pilot programs or legal tender status, the Central Bank of Jordan has taken a cautious, even restrictive, approach. It doesn’t recognize Bitcoin or any other cryptocurrency as legal money, and it warns citizens against using them for payments or investments.
This isn’t just about tradition—it’s about control. The CBJ sees decentralized finance as a threat to its ability to monitor money flows, prevent money laundering, and protect consumers from volatile assets. That’s why it blocks local banks from processing crypto transactions and has never approved a crypto exchange to operate under its supervision. In 2025, this policy hasn’t changed. While over 100 million people in India trade crypto under strict tax rules, and Russia now lets companies use Bitcoin for cross-border trade, Jordan’s central bank still treats crypto like a risky experiment—not a financial tool.
But here’s the twist: people in Jordan still use crypto. Not through banks, not through regulated platforms, but through peer-to-peer trades, offshore exchanges, and Telegram groups. Many Jordanians use stablecoins like USDT to send money abroad, avoid inflation, or pay for services when traditional banking is too slow or expensive. The CBJ doesn’t stop them—it just doesn’t protect them. If you lose funds on a fake exchange like My1Ex.com or Fides, there’s no regulator to turn to. No refund. No legal recourse. Just silence.
The gap between official policy and real behavior is growing. While the Central Bank of Jordan focuses on stability and control, users are looking for speed, access, and autonomy. This tension shows up in the posts below—like the one about cryptocurrencies in India, where strict rules didn’t stop adoption, or the piece on Russia’s Bitcoin regulations, where the state found a way to use crypto for trade. Jordan could follow either path: tighten restrictions further, or start building a framework that acknowledges crypto’s role in modern finance.
What you’ll find here are real stories from people affected by this policy. From failed exchanges with no oversight to the quiet rise of crypto use despite the ban. There’s no official guide from the CBJ—but there are lessons from those who’ve navigated the shadows.
Jordan's Central Bank shifted from banning crypto to enforcing one of the Middle East's strictest regulatory systems in 2025. Here's what the new law means for users, businesses, and the future of digital assets in the country.
View more