Legal regime for virtual asset service providers -Al-Emarets and Jordan as a sample-

Abstract

Virtual asset service providers and activities are of paramount importance, given the powers they possess to provide these services and businesses to their clients and facilitate trading. Providers are legal entities, such as companies, whose type and form are determined by legislation, which imposes oversight, monitoring, and legal obligations related to their activities. Modern technological developments have produced these diverse entities and technologies, which the world has long since begun to adapt to, benefit from, and provide legal protection for. Consequently, our country, Iraq, continues to lag behind in keeping pace with these important developments in the field of modern financial technologies and investment in this field, from which countries have begun to reap significant profits after enacting appropriate laws.