Cryptocurrency trading in Jordan 🇯🇴 is gaining popularity, even though the government recently reiterated its ban on digital assets. Will it help the 50% unemployed Jordanian youth? 😶 By CMCAlexandria Author: TheCoinPope1 Editor: YousraAASheikh
crypto trading among young people is booming in Jordan, an English-speaking news outlet covering The Middle East, tells the story of Ahmed al-Hindi, a young Jordanian accountant that spends his evening hours trading crypto. Hindi told al-Monitor:
"[...] due to their lack of experience in this field, the currency's depreciation as a result of exchange rate fluctuations, the possible losses stemming from fraud, piracy, hacking and theft, and the absence of a legal framework that guarantees the right to appeal before judicial authorities." The former head of the Association of Banks in Jordan, Mufleh Akl, went along with the governor, saying that investing in crypto is "futile" and "a game of despair." Young people needed education about the fraudulent practices of some companies in the space.
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