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VOL. 11, ISSUE 4 (2025)
Regulating digital currencies in Jordan: Legislative gaps, legal challenges, and comparative insights
Authors
Mohammad Airout
Abstract
This investigation explores the increasing
legal and regulatory obstacles that digital currencies present in the Jordanian
context. These obstacles are not only pressing, but they may also prove
insurmountable in the absence of a suitable legal framework. This research
demonstrates that the unique technological and legal challenges associated with
digital assets are not adequately addressed by existing legislation, such as
the Cybercrime Law and the Anti-Money Laundering and Counter-Terrorist
Financing Law (AML/CFT). Certainly, it appears that these regulations were
formulated with an alternative era in mind. They are unable to maintain pace
with the rapid pace of technological advancement. This study also investigates
the practical repercussions of having inadequate legal regulations and even
fewer legal remedies to enforce them. The research quantifies and identifies
some of the consequences, their significance in a predominantly cash-based
society like Jordan, and the actions of some jurisdictions with more experience
in this area in addressing these same issues through comparative analysis with
similar laws and cases in other jurisdictions.
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Pages:11-16
How to cite this article:
Mohammad Airout "Regulating digital currencies in Jordan: Legislative gaps, legal challenges, and comparative insights". International Journal of Law, Vol 11, Issue 4, 2025, Pages 11-16
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