The Bangko Sentral ng Pilipinas has introduced stricter cryptocurrency listing requirements that prohibit licensed Virtual Asset Service Providers (VASPs) from offering privacy-enhancing digital assets while tightening compliance standards across the sector.

According to reports, the new framework is designed to strengthen anti-money laundering controls, combat terrorist financing and improve transparency in the country’s digital asset market.

Under the updated rules, licensed VASPs must conduct enhanced due diligence before listing cryptocurrencies, continuously monitor assets for compliance risks and establish clear procedures for delisting tokens that no longer meet regulatory standards.

The BSP has also instructed providers to assess…