BSP Bans VASPs From Listing Privacy Coins in Philippines

The Bangko Sentral ng Pilipinas (BSP) has explicitly prohibited virtual asset service providers (VASPs) from listing or supporting anonymity-enhancing virtual assets, according to The Philippine Star. The directive applies to any token whose design obscures transaction counterparties or flow.

Why it matters

The BSP framed the move as a guardrail for the integrity of the country's supervised virtual asset market — VASPs that onboard or continue to support privacy coins risk regulatory exposure. Philippines-based venues and exchanges serving Filipino users now need to screen their listed-asset roster against the new standard and delist tokens that no longer qualify.

Market impact

The Bangko Sentral also tightened token listing, monitoring and delisting requirements, mandating due diligence on every listed asset and automatic delisting triggers when tokens stop meeting listing standards. Privacy-focused coins face a shrinking set of compliant venues in the Philippine market, and the supervisory tone signals the BSP is willing to dictate what can be traded on regulated rails, not just how it is traded.