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New BSP rules put crypto tokens under deeper scrutiny in Philippines – TON BOT

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New BSP rules put crypto tokens under deeper scrutiny in Philippines

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The Bangko Sentral ng Pilipinas (BSP) has imposed stricter requirements on virtual asset service providers (VASPs), requiring thorough screening, monitoring, and delisting procedures for cryptocurrencies offered to customers. Privacy-focused cryptocurrencies are prohibited. VASPs must conduct due diligence before listing assets, monitor assets continuously, and establish delisting triggers for higher-risk assets. Regulatory oversight of the digital asset market in the Philippines is being strengthened.

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