Philippines Crypto Licence FAQ (BSP)

Short answers on which crypto firms are on the BSP's list and whether new licences are issued.

Which crypto exchanges are licensed in the Philippines?

8 firms are listed by the Philippine central bank (BSP) as active virtual asset service providers: 6 non-bank VASPs and 2 banks (as of 15 Jul 2026): Coins.ph, Maya Philippines, Inc., Moneybees Forex Corp., PDAX, TopJuan Technologies Corporation, WIBS PHP, Inc., GoTyme Bank Corporation, Union Bank of the Philippines, Inc.. Full list.

Is Binance licensed by the BSP?

No institution or trade name on the BSP's list of virtual asset service providers carries the name Binance. The SEC's separate rules are not covered by this tracker.

Can I apply for a VASP licence in the Philippines now?

The BSP closed its regular application window for new VASP licences on 1 September 2022 and continued the moratorium from 1 September 2025, subject to reassessment. Existing BSP-supervised financial institutions with a composite rating of at least “stable” may still apply to add VASP services (M-2022-035).

Can Philippine exchanges list privacy coins?

No. Under BSP Memorandum M-2026-023, signed on 5 June 2026, privacy coins may not be listed or supported by VASPs.

What is the travel rule threshold in the Philippines?

P50,000: for virtual asset transfers of that amount or more, VASPs must obtain and pass on originator and beneficiary information (BSP FAQ on Circular No. 1108).