The Philippines has launched a comprehensive framework outlining the regulatory requirements for listing cryptocurrency tokens.
Central to the initiative is a twin-regulator model involving both the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC), aimed at enhancing oversight of token activities and investor protections.
The framework establishes clear guidelines for classifying different types of tokens—such as payment tokens, utility tokens, and security tokens—and defines when Virtual Asset Service Provider (VASP) licensing is required.
Philippines Sets Clear AML and KYC Standards in New Crypto Token Listing Framework
It also outlines compliance obligations related to anti-money laundering (AML), know-your-customer (KYC), and risk disclosures.
This regulatory move aims to provide legal clarity, reduce market uncertainty, and support the safe, responsible growth of the digital asset sector in the Philippines.
The Philippines’ new crypto framework adopts a dual-regulatory model, assigning oversight responsibilities to both the Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC).
The BSP supervises Virtual Asset Service Providers (VASPs), ensuring that crypto-related services—such as exchange, custody, and transfer—comply with anti-money laundering (AML), counter-terrorism financing (CFT), and consumer protection standards.
Meanwhile, the SEC is tasked with regulating tokens that fall under the definition of securities, as outlined in the Securities Regulation Code (SRC). The agency ensures proper registration or exemption of token offerings and exchange listings.
This coordinated model seeks to provide regulatory clarity, strengthen market integrity, and foster innovation while safeguarding users within the Philippine digital asset ecosystem.
Philippines’ Crypto Rulebook Enforces AML, KYC, and Investor Risk Disclosure Standards
The Philippines’ new crypto token listing framework establishes a clear and structured regulatory path for token classification, Virtual Asset Service Provider (VASP) licensing, and exchange compliance, including provisions for cross-border crypto trading.
It prioritizes investor protection by outlining disclosure requirements and risk assessments, while also addressing tax clarity to support legal and financial transparency.
The framework enforces strict standards for cybersecurity and data privacy, ensuring that digital asset platforms safeguard user data and funds.
By offering well-defined rules and a twin-regulator model, the Philippines positions itself as a forward-looking regulatory hub for crypto innovation in Southeast Asia—balancing growth with consumer and market safeguards.
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Philippines Brings Clarity and Legitimacy to Crypto With New Token Listing Framework
The Philippines’ move to establish a comprehensive crypto token listing framework is significant because it brings clarity, structure, and legitimacy to a rapidly evolving sector.
By clearly defining the roles of both the BSP and SEC, the framework helps prevent regulatory overlap and confusion, offering certainty to investors, developers, and exchanges.
It also aligns the country with global best practices by addressing AML/CFT compliance, investor protection, cybersecurity, and taxation—key areas often lacking in emerging crypto markets.
This proactive approach not only boosts institutional confidence but also positions the Philippines as a regional leader in crypto regulation, potentially attracting foreign investment, fostering innovation, and promoting safer adoption of digital assets across Southeast Asia.
Also Read: Philippines SEC Set to Bring In New Rules To Regulate Crypto-Asset Service Providers