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Philippines bans privacy coins on licensed crypto platforms, tightening listing rules.

Market News
14 Jun 2026
Crypto Briefing
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Bearish
Philippines bans privacy coins on licensed crypto platforms, tightening listing rules.

The Bangko Sentral ng Pilipinas (BSP) has issued a memorandum banning licensed virtual asset service providers (VASPs) from listing privacy-focused tokens that obscure transaction details. This move aligns with global anti-money laundering standards and requires exchanges to conduct thorough evaluations of all tokens before listing, including security, liquidity, and issuer credibility. Existing privacy coins must be moved off-platform or converted, impacting trading convenience but not personal holdings. The new rules raise compliance standards for all crypto assets in the Philippines, potentially limiting listings of smaller or less secure tokens.

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