Philippines toughens rules on crypto-exchanges

Philippines is one of the few central banks to adopt formal regulations on crypto-asset exchanges

Bitcoin accepted
The Central Bank of the Philippines has been one of the first to formally regulate crypto-assets

The Central Bank of the Philippines (BSP) has laid down addition requirements for crypto-asset or “virtual currency” exchanges in a bid to strengthen protection for customers.

Under the current regulatory framework, exchanges that facilitate the conversion of crypto-assets into fiat currency or vice versa are required to register with the central bank as remittance and transfer companies.

If these exchanges also require the clients to “maintain a Philippine peso (PHP) wallet” or if their

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.