Guide to KYC on Bybit With a Jordanian Passport

The intersection of Jordan's citizenship by investment program and cryptocurrency exchange verification represents a unique opportunity in the Middle Eastern digital asset landscape. As of September 2025, Jordan has transformed from crypto-prohibition to regulated acceptance through Law No. 14 of 2025, while simultaneously overhauling its citizenship program to emphasize active economic participation. This comprehensive analysis examines how Jordanian passport holders navigate the cryptocurrency ecosystem, particularly through Bybit's KYC requirements, while evaluating the strategic advantages and limitations of this citizenship route for high-net-worth individuals seeking crypto market access.

Jordan's transformed citizenship investment landscape

Jordan's citizenship by investment program underwent its most significant restructuring in July 2025, eliminating all passive investment options in favor of eight distinct pathways requiring active economic contribution. The reformed program, administered by the Jordan Investment Commission and Ministry of Investment, now mandates job creation across all investment routes while maintaining a strict annual cap of 500 approvals. This shift from passive to active investment represents a fundamental realignment toward economic development objectives rather than simple capital attraction.

The minimum investment thresholds now range from JOD 350,000 (USD 494,000) for existing investors outside Amman to JOD 3 million (USD 4.23 million) for specialized pharmaceutical and logistics sector investments. The stock market investment route requires JOD 1 million with a three-year lockup period and maximum 20% concentration in any single company. Business creation pathways demand JOD 700,000 in Amman or JOD 500,000 outside the capital, coupled with creating 20 or 10 Jordanian jobs respectively. The novel employment-only route allows citizenship through creating 150 jobs in Amman or 100 elsewhere, without specific capital requirements.

Processing times typically span three to six months from application to passport issuance, with the fastest cases completing in 90 days under optimal circumstances. The due diligence phase alone requires two to three months, involving multi-agency approval from the Ministry of Industry and Trade, Securities Commission, and Social Security Corporation. All applicants must pass comprehensive background checks through international databases, provide proof of lawful source of funds, and undergo mandatory interviews with Jordanian immigration authorities.

Family inclusion benefits have expanded for larger investments, with male children now eligible up to age 30 for investments exceeding JOD 2 million, increased from the previous 24-year limit. Standard inclusion covers spouses, dependent children under 18, unmarried daughters of any age, and financially dependent parents at no additional investment requirement. The program's enhanced oversight includes citizenship revocation provisions for non-compliance, demonstrating Jordan's commitment to maintaining program integrity while attracting serious long-term investors.

Historical performance data reveals 561 total approvals since the 2018 relaunch, generating USD 1.38 billion from 531 investors through December 2024. The program primarily attracts Middle Eastern investors, particularly Syrian and Iraqi nationals, with an average investment of nearly USD 2.6 million per investor. The recent July 2025 reforms aim to boost applications toward the 500 annual limit while ensuring meaningful economic impact through mandatory job creation requirements.

Bybit's approach to Jordanian passport verification

Jordan is not among Bybit's restricted countries, positioning Jordanian passport holders favorably for account creation and verification on the platform. Bybit's support for the Jordanian Dinar (JOD) in their fiat currency list further confirms Jordan's accepted status, distinguishing it from the 15+ excluded jurisdictions including the United States, United Kingdom, China, and Singapore. The exchange's Dubai headquarters and strong Middle Eastern presence demonstrate commitment to serving regional users, with no evidence of systematic restrictions against Middle Eastern countries.

Bybit operates a three-tier KYC system requiring mandatory Standard Verification (Level 1) for all users since mid-2023, involving identity assessment and proof of identity submission. The process typically completes within 15 minutes to 48 hours, with most verifications finishing in under 24 hours. Jordanian passport holders follow the standard verification process without additional requirements, selecting Jordan as their nationality during registration and uploading their passport or national ID for facial recognition verification.

Advanced Verification (Level 2) requires proof of address documentation dated within the last three months, enabling daily withdrawal limits up to 2 million USDT and access to Bybit Card services. Pro Verification (Level 3) involves enhanced due diligence through detailed questionnaires and proof of income documentation, primarily targeting high-volume traders and institutional clients. The platform accepts government-issued photo IDs including passports, national identity cards, and driver's licenses, but excludes student visas, work visas, and domestic passports.

The exchange's regulatory compliance framework includes provisional Virtual Asset Regulatory Authority (VARA) approval in Dubai, full licensing in Kazakhstan through the Astana Financial Service Authority, and CySEC registration for European Union operations. Bybit's August 2025 launch of 10x leverage spot margin trading for European users under the MiCA framework demonstrates ongoing regulatory adaptation and service expansion. The platform maintains 70 million registered users globally as of May 2025, positioning itself as the world's second-largest crypto exchange by trading volume.

Recent policy changes affecting Jordanian users include the mandatory KYC implementation across all services, elimination of no-KYC trading options, and enhanced monitoring for sanctions compliance. However, Jordan's absence from international sanctions lists and the country's new cryptocurrency regulatory framework enhance the credibility of Jordanian passport holders with the exchange. Standard processing times and requirements apply without nationality-specific complications, making Bybit a viable option for Jordanian citizens seeking cryptocurrency exchange services.

Jordan's cryptocurrency regulatory revolution

Jordan's passage of Law No. 14 of 2025 (Virtual Assets Transactions Regulation Law) marks a dramatic shift from blanket prohibition to comprehensive legal framework for digital assets. The law, effective 90 days after its May 2025 Official Gazette publication, covers all virtual assets including cryptocurrencies and stablecoins for payments and investments while excluding digital securities, central bank digital currencies, and traditional investment funds. This transformation positions Jordan as an emerging digital asset hub in the Middle East, contrasting sharply with the Central Bank of Jordan's previous stance prohibiting all financial institutions from cryptocurrency dealings since February 2014.

The new regulatory framework mandates licensing for all Virtual Asset Service Providers through the Jordan Securities Commission, with requirements including physical presence in Jordan, comprehensive AML/CTF compliance, client fund segregation, and suspicious activity reporting per FATF standards. Penalties for unlicensed activities reach up to USD 140,000 and potential imprisonment, demonstrating serious enforcement intentions. The law allows foreign investment with local establishment requirements, creating opportunities for international crypto businesses to establish regional operations.

Jordan's regulatory evolution places it strategically between the advanced frameworks of the UAE and Bahrain and the restrictive approaches of Saudi Arabia. While the UAE leads with multiple regulatory authorities and tax-exempt zones for crypto activities, and Bahrain offers clear stablecoin regulations since 2019, Jordan's balanced approach combines innovation encouragement with investor protection. The country's estimated 894,750 crypto users by 2026, representing 7.72% penetration rate, and projected USD 29.4 million revenue in 2025 indicate significant market development potential.

Tax treatment remains the primary uncertainty, with no specific crypto tax laws finalized as of 2025. Jordan's general exemption of capital gains from taxation may benefit individual traders, though corporate entities likely face standard 20% tax rates. The territorial tax system means Jordanian citizens spending less than 183 days annually in Jordan avoid tax residency, potentially escaping taxation on crypto gains generated abroad. Clearer tax policies are expected by 2026, creating a window of regulatory ambiguity that some investors may find advantageous.

The collaborative approach involving the Central Bank of Jordan, Jordan Securities Commission, and government ministries demonstrates sophisticated regulatory coordination. Deputy Governor Ziad Ghanma's participation in law development and the involvement of key stakeholders including Minister of Digital Economy Sami Smeirat and Anti-Money Laundering Unit Head Samia Al-Sharif indicate high-level commitment to creating a workable framework. Industry response has been positive, with crypto entrepreneurs like CoinMENA CEO Talal Tabaa praising the collaborative policymaking approach.

Privacy advantages and data protection considerations

Jordan's non-participation in the Common Reporting Standard (CRS) creates a unique privacy advantage for passport holders engaging in cryptocurrency activities. Among only 59 countries worldwide not participating in automatic financial information exchange, Jordan provides some protection from automatic data sharing while creating compliance challenges for international crypto platforms. The country was added as a "reportable jurisdiction" in 2023, meaning other countries may report Jordanian residents' accounts, but Jordan doesn't reciprocate this information sharing.

The implementation of Jordan's Personal Data Protection Law (PDPL) in March 2024, with a grace period until March 2025, establishes comprehensive data protection requirements for entities processing personal information. Crypto exchanges operating in Jordan must obtain explicit written consent before processing personal data for KYC purposes, with users maintaining rights to access, correct, delete, and restrict processing. Mandatory appointment of Data Protection Officers for financial information processors and restrictions on cross-border data transfers unless recipients provide equivalent protection add layers of privacy safeguards.

However, Jordanian citizens receive no GDPR protection when residing in Jordan, as European privacy regulations apply based on location rather than citizenship. Most crypto exchanges serving Jordanian users are not GDPR-compliant for Jordan-based customers, requiring reliance on Jordan's domestic law and exchange terms of service. This limitation becomes particularly relevant given recent major security breaches, including Coinbase's May 2025 breach affecting 69,461 users and ByBit's February 2025 hack resulting in USD 1.5 billion losses.

Middle Eastern passport holders often face enhanced due diligence by international exchanges, with higher likelihood of transaction monitoring and reporting to authorities. Data retention policies typically extend five years or more for OFAC compliance, with KYC information potentially shared with international law enforcement. The absence of FATCA agreements with the United States means Jordanian citizens using US-based crypto platforms may face enhanced reporting requirements without reciprocal information sharing benefits.

Best practices for Jordanian passport holders include using dedicated email addresses for crypto accounts, providing minimum required documentation, enabling all available privacy settings, and utilizing non-custodial wallets when possible. The strategic advantage of Jordan's CRS non-participation should be balanced against limited GDPR protection and potential enhanced scrutiny from international platforms. Regular monitoring for data breaches and careful exchange selection based on privacy policies become essential components of a comprehensive privacy strategy.

Comparing Middle Eastern passports for crypto purposes

Gulf Cooperation Council passports significantly outperform Jordan's passport across key metrics relevant to cryptocurrency activities, with the UAE leading in regulatory clarity, banking access, and global mobility. UAE passport holders enjoy visa-free access to 184 countries compared to Jordan's 51, facilitating international crypto business opportunities and conference attendance. The regulatory frameworks vary dramatically, with the UAE's Virtual Asset Regulatory Authority providing comprehensive oversight and VAT exemption on crypto transactions, while Jordan's new framework remains untested.

Saudi Arabia maintains an interesting position with no explicit crypto legislation but zero personal capital gains tax policy and a USD 23.1 billion crypto market projected to reach USD 45.9 billion by 2033. Bahrain's Central Bank Crypto-Asset module since 2019 and full Travel Rule compliance create a stable environment for licensed operators including Binance, Crypto.com, and Rain. Kuwait's comprehensive ban on crypto activities including mining contrasts sharply with Qatar's developing Digital Asset Regulatory framework expected in Q2 2025.

Banking integration represents a crucial differentiator, with UAE banks like Standard Chartered offering crypto custody services and establishing relationships with international exchanges. GCC passport holders benefit from regional banking integration, cross-border payment facilities, and institutional banking relationships unavailable to Jordanian citizens. The Golden Visa programs in the UAE for crypto entrepreneurs and the planned Schengen-like unified GCC visa system further advantage Gulf nationals over Jordanian passport holders.

KYC acceptance rates show GCC passport holders experiencing 15-20% higher acceptance rates due to stronger diplomatic relations and banking infrastructure. Major exchanges provide tier-one treatment including institutional services, OTC trading, and custody solutions for UAE and Saudi Arabian passport holders, while Jordanian citizens receive standard retail access with limited institutional services. The 90% KYC compliance rate across centralized exchanges in the UAE demonstrates mature market development compared to Jordan's emerging status.

Market data reveals the Middle East's USD 110.3 billion crypto market growing at 8.74% CAGR through 2033, with the UAE accounting for over USD 30 billion in crypto investments and 15 million app downloads representing 241% growth. Regional daily traders increased from 330,000 in 2023 to 700,000 in 2024, with approximately 500,000 concentrated in the UAE. Jordan's expected 500,000 users by 2025 despite historical restrictions indicates significant untapped potential but also highlights infrastructure limitations compared to GCC countries.

Tax implications for Jordanian crypto traders

The absence of specific cryptocurrency tax legislation in Jordan creates both opportunities and uncertainties for passport holders engaged in digital asset trading. Jordan's general exemption of capital gains from taxation potentially benefits individual crypto traders, though this interpretation awaits official clarification expected by 2026. The territorial tax system adds another layer of complexity, with both residents and non-residents only taxed on Jordan-source income, potentially exempting crypto gains generated through foreign exchanges.

Individual tax residency requires 183 or more days of physical presence in Jordan during the tax year, with Jordanian government employees considered residents regardless of location. Citizens living abroad and spending fewer than 183 days in Jordan avoid tax residency, potentially escaping taxation on offshore crypto trading profits. This creates strategic planning opportunities for high-net-worth individuals managing their physical presence to optimize tax obligations while maintaining citizenship benefits.

Jordan's extensive double taxation treaty network covering 30+ countries provides potential relief for crypto-related investment income, though specific applications to digital assets remain untested. Treaties with major crypto hubs including the UAE, United Kingdom, and Canada offer varying withholding tax rates and foreign tax credit provisions. The absence of automatic information exchange through CRS or FATCA agreements limits Jordan's ability to track citizens' offshore crypto activities, though this advantage may diminish as international cooperation increases.

Corporate entities engaged in crypto trading likely face standard 20% tax rates, with banks subject to 30-35% rates and potential additional levies. The distinction between individual and corporate treatment creates important structuring considerations for serious traders. Professional crypto trading activities might be classified as business income subject to progressive personal income tax rates of 5% to 30%, rather than benefiting from capital gains exemption.

The Virtual Assets Transactions Regulation Law's requirements for KYC compliance, suspicious activity reporting, and fund segregation suggest future integration with tax reporting systems. Licensed Virtual Asset Service Providers must maintain comprehensive transaction records, potentially facilitating future tax enforcement. The transition period before 2026 tax clarification creates a window for establishing positions and structures that may benefit from grandfathering provisions or favorable interpretations of existing law.

Alternative exchanges accepting Jordanian passports

Beyond Bybit, multiple major exchanges serve Jordanian users despite Central Bank restrictions on domestic financial institutions facilitating crypto transactions. Binance maintains the strongest presence with explicit Jordanian Dinar support for P2P trading and the lowest fees when using BNB tokens at 0.075%. Kraken's reputation for security excellence, having never suffered a major breach, makes it attractive for risk-conscious Jordanian investors despite slightly higher fees of 0.16-0.26%.

KuCoin's extensive selection of 800+ cryptocurrencies and 1,200+ trading pairs positions it as the "People's Exchange" for altcoin enthusiasts, while Gate.io's 3,500+ cryptocurrency offerings provide the broadest selection available. OKX's competitive 0.08% maker fees and strong Middle Eastern presence through Dubai operations offer cost-effective trading for active users. Coinbase's NASDAQ listing and stringent regulatory compliance provide institutional-grade credibility, though its 0.40-0.60% fees and limited 200+ cryptocurrency selection may deter some users.

Processing times for KYC verification remain consistent across platforms at 15 minutes to 24 hours for standard verification, with business accounts requiring 3-5 days. All major exchanges now mandate KYC compliance following 2023-2024 industry-wide changes, eliminating previous no-KYC options on platforms like KuCoin and Bybit. Document requirements typically include government-issued photo ID and proof of address dated within three months, with facial recognition verification becoming standard.

Deposit and withdrawal methods pose the primary challenge for Jordanian users, with most relying on credit/debit cards incurring 1.5-3% fees, crypto-to-crypto transfers, P2P trading, or SWIFT wire transfers for larger amounts. Binance's P2P marketplace provides the most developed fiat on-ramp solution for Jordanian users, while other exchanges offer limited direct JOD support. The absence of banking integration due to Central Bank of Jordan policies forces users toward more expensive or complex funding methods.

Security features across all major exchanges include two-factor authentication, cold storage for 90-95% of funds, SSL encryption, withdrawal whitelisting, and regular security audits. Recent industry developments show 92% of centralized exchanges now KYC compliant, up from 85% in 2024, with 90% adoption of AI-powered identity verification tools. The Middle East crypto market's valuation at USD 110.3 billion in 2024 with projected 8.74% CAGR through 2033 indicates growing institutional acceptance despite regulatory challenges.

Recent updates shaping the landscape

The July 2025 overhaul of Jordan's citizenship program represents the most significant change since its inception, fundamentally restructuring investment requirements toward active economic participation. The elimination of passive bank deposit and treasury bond options forces investors to engage directly with the Jordanian economy through business creation, employment generation, or active market participation. The annual cap of 500 approvals, combined with historically lower application rates, suggests room for growth under the new framework while maintaining exclusivity.

Bybit's regulatory expansion throughout 2024-2025 demonstrates successful adaptation to evolving compliance requirements, particularly securing MiCA licensing in Austria enabling service to 450 million Europeans across 29 EEA countries. The platform's multi-jurisdiction licensing achievements in Kazakhstan, Cyprus, Georgia, and Dubai's provisional VARA license establish credibility for serving diverse user bases including Jordanian passport holders. The August 2025 launch of 10x leverage spot margin trading for European users indicates continued product innovation within regulatory frameworks.

Jordan's cryptocurrency regulatory transformation through Law No. 14 of 2025 creates a supportive environment for passport holders engaging with international exchanges. The 90-day implementation period following May 2025 passage allows market participants to establish compliant operations while regulatory details crystallize. The involvement of high-level stakeholders including Deputy Governor Ziad Ghanma and Minister of Digital Economy Sami Smeirat signals serious government commitment to developing the digital asset sector.

Industry-wide trends show near-universal KYC adoption with 92% of centralized exchanges compliant in 2025, enhanced Travel Rule enforcement requiring information sharing for transactions over USD 1,000, and projected 140% growth in KYC spending over five years from USD 9.2 billion in 2024. The convergence of traditional investment migration and digital asset regulation creates new considerations for citizenship investors evaluating programs based on crypto market access rather than solely on visa-free travel or tax benefits.

Looking ahead, Jordan's six-month review cycle for the citizenship program promises continued refinement based on market response and economic impact assessment. Bybit's pursuit of Hong Kong licensing and focus on Web3 infrastructure suggests continued expansion despite regulatory challenges in certain jurisdictions. The global regulatory trajectory emphasizing asset tokenization, cross-border coordination, and consumer protection will likely influence both Jordan's citizenship program evolution and international exchange policies toward Jordanian passport holders.

Conclusion

The intersection of Jordan's reformed citizenship by investment program and cryptocurrency exchange access through platforms like Bybit presents a nuanced opportunity for high-net-worth individuals navigating the digital asset landscape. While Jordanian passports lack the global mobility and institutional advantages of GCC alternatives, the country's recent regulatory transformation, privacy benefits from CRS non-participation, and potential tax advantages create unique value propositions for specific investor profiles.

Success in utilizing a Jordanian passport for crypto exchange KYC depends less on nationality-specific factors and more on understanding the evolving regulatory landscape, maintaining compliance with both Jordanian and international requirements, and strategically selecting platforms that align with investment objectives. As Jordan's digital asset framework matures and international exchanges continue expanding Middle Eastern operations, the strategic value of Jordanian citizenship for crypto market access will likely improve, particularly for investors prioritizing regulatory compliance and long-term regional presence over immediate institutional access or global mobility.

Disclaimer

CitizenX is a technology service providing legal information and access to self-service tools. We are not a law firm and do not provide legal, tax, or accounting advice. If you have unique considerations, please talk with a lawyer in your jurisdiction before proceeding.