{"id":275690,"date":"2026-06-19T03:03:00","date_gmt":"2026-06-19T07:03:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/19\/philippines-bans-privacy-coins-tightens-vasp-rules\/"},"modified":"2026-06-19T04:45:09","modified_gmt":"2026-06-19T08:45:09","slug":"philippines-bans-privacy-coins-tightens-vasp-rules","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/19\/philippines-bans-privacy-coins-tightens-vasp-rules\/","title":{"rendered":"Philippines bans privacy coins, tightens VASP rules"},"content":{"rendered":"

Philippines bans privacy coins, tightens VASP rules<\/a><\/p>\n

https:\/\/coingeek.com\/philippines-bans-privacy-coins-tightens-vasp-rules\/<\/a><\/p>\n

Publish Date: 2026-06-19 03:03:00<\/a><\/p>\n

Source Domain: coingeek.com<\/a><\/p>\n

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  7. Philippines bans privacy coins, tightens VASP rules<\/li>\n<\/ol>\n

    The Bangko Sentral ng Pilipinas (BSP) has issued new guidelines that prohibit virtual asset service providers (VASPs) from trading privacy coins as regulators move to bring greater transparency and consumer protection to the country\u2019s digital asset market.<\/p>\n

    Under the BSP Memorandum No. M-2026-023, the central bank \u201cseeks to clarify regulatory expectations for VASPs\u201d by ensuring due diligence reviews of coins and tokens offered to customers. BSP also prohibited VASPs from offering or listing anonymity-focused virtual assets, most popularly known as privacy coins.<\/p>\n

    The memorandum is part of BSP\u2019s broader risk management framework for digital currency platforms. Among the guidelines are ongoing monitoring of listed assets and the establishment of internal risk indicators, such as a drop in coin\u2019s value or a decrease in trading activity. If an asset breaches these thresholds, it must undergo a reassessment and may trigger an automatic review or removal from the digital currency platform.<\/p>\n

    \u201cVASPs are also required to conduct ongoing monitoring of the criteria applied during the listing of virtual assets, and to define thresholds for deviations from these standards, which will act as triggers for the delisting of a virtual asset,\u201d BSP said.<\/p>\n

    In the new guidelines, the central bank mandates that firms \u201cestablish a robust due diligence and accreditation process for selecting the virtual assets (VAs) that will be listed or traded on their platforms.\u201d In this process, every token undergoes rigorous evaluation before it reaches the investing public.<\/p>\n

    BSP grouped the assessment criteria into six pillars to standardize the evaluation process. It includes the issuer\u2019s background, market maturity, and the use of…<\/p>\n

    Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    Philippines bans privacy coins, tightens VASP rules https:\/\/coingeek.com\/philippines-bans-privacy-coins-tightens-vasp-rules\/ Publish Date: 2026-06-19 03:03:00 Source Domain: coingeek.com…<\/p>\n","protected":false},"author":1,"featured_media":275691,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/coingeek.com\/wp-content\/uploads\/2026\/06\/Philippines-blockchain-VASPs.webp","fifu_image_alt":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-275690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-privacy"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/275690"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=275690"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/275690\/revisions"}],"predecessor-version":[{"id":275692,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/275690\/revisions\/275692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/275691"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=275690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=275690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=275690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}