- The Philippines’ central bank, BSP, said it has tightened token-listing review standards for VASPs and banned the handling of privacy coins.
- Under the new guidelines, licensed VASPs must conduct strict due diligence and approval before listings, and continuously monitor assets afterward while reviewing potential trading suspensions or delistings.
- Market participants say the rules could give licensed Philippine exchanges a competitive edge while restricting the circulation of privacy coins and some high-risk tokens.
Forecast Trend Report by Period
The Bangko Sentral ng Pilipinas, the Philippines’ central bank, has tightened token-listing standards for cryptocurrency…
