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Philippines bans privacy coins and tightens crypto token rules for VASPs

Market News
14 Jun 2026
Blockonomi
View Source
Bearish
pluang ai news

The Bangko Sentral ng Pilipinas (BSP) has banned virtual asset service providers (VASPs) from listing or supporting privacy-enhancing virtual assets to improve market oversight. VASPs must now evaluate tokens based on six pillars including issuer background, liquidity, and legal compliance before listing. Continuous monitoring is required, with automatic triggers for token suspension or delisting if standards are not met. This move strengthens regulatory control over the Philippine crypto market and aligns with global efforts to limit anonymity coins that hinder anti-money laundering efforts.

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