The Financial and Economic Committee of the Senate, chaired by Senator Dr. Rajai Muasher, approved on Monday the 2025 Draft Law on Regulating Virtual Assets, as received from the House of Representatives.
اضافة اعلان
The meeting was attended by Minister of State for Economic Affairs Mohannad Shehadeh, Minister of State for Legal Affairs Dr. Fayaz Al-Qudah, Minister of Digital Economy and Entrepreneurship Eng. Sami Smeirat, Deputy Governor of the Central Bank Ziad Ghunnaim, Chairman of the Securities Commission Dr. Adel Bino, and Head of the Anti-Money Laundering and Counter Terrorism Financing Unit Samia Al-Sharif.
The rationale behind the draft law is to regulate activities related to virtual assets, define the scope of these activities, oversee and supervise them, and protect users in a way that ensures a balance between promoting technological innovation and maintaining financial and economic stability, while adhering to international standards—especially those related to anti-money laundering and combating the financing of terrorism.
The draft law also outlines the duties and powers of the Securities Commission in regulating the sector, including licensing, ensuring service providers comply with legal requirements, and taking necessary supervisory measures.
(Petra)
