Virtual Asset Service Providers on the BSP's List
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). The BSP closed its regular application window for new VASP licences on 1 September 2022 and has continued its moratorium on new VASP licences since 1 September 2025.
Source: BSP list of VASPs.
The List
| Firm | Trade name as listed | Type | BSP list section | City |
|---|---|---|---|---|
| Coins.phBetur Inc. | COINS.PH | Non-bank | Active non-bank VASP (BSP list) | Taguig City |
| Maya Philippines, Inc. | Non-bank | Active non-bank VASP (BSP list) | Mandaluyong City | |
| Moneybees Forex Corp. | Non-bank | Active non-bank VASP (BSP list) | Taguig City | |
| PDAXPhilippine Digital Asset Exchange (PDAX) | PDAX | Non-bank | Active non-bank VASP (BSP list) | Pasig City |
| TopJuan Technologies Corporation | Non-bank | Active non-bank VASP (BSP list) | Manila | |
| WIBS PHP, Inc. | Non-bank | Active non-bank VASP (BSP list) | Makati City | |
| GoTyme Bank Corporation | Bank | Active bank VASP (BSP list) | Quezon City | |
| Union Bank of the Philippines, Inc. | Bank | Active bank VASP (BSP list) | Pasig City | |
| Direct Agent 5 (SurgePay)Direct Agent 5 | SurgePay | Non-bank | Inactive / not operational (BSP list) | Makati City |
Source: BSP, List of Virtual Asset Service Providers (VASP), read on every build. Personal names and contact details on the list are not republished. Methodology.
The Rules in Brief
- Who needs a licence. BSP Circular No. 1108, dated 26 January 2021, replaced the earlier rules for virtual currency exchanges. It covers exchange between virtual assets and fiat currency, exchange between virtual assets, transfer of virtual assets, and safekeeping or administration of virtual assets (BSP FAQ). Providers need a BSP Certificate of Authority; those already operating had to apply within three months of the circular taking effect (Circular No. 1108).
- Travel rule. Every virtual asset transfer is treated as a cross-border wire transfer; for transfers of P50,000 or more, VASPs must obtain and pass on originator and beneficiary information (BSP FAQ).
- Licence moratorium. The regular application window for new VASP licences closed for three years from 1 September 2022. Applications that had passed Stage 2 by 31 August 2022 were still processed, and existing BSP-supervised financial institutions with a composite rating of at least “stable” may still apply (M-2022-035). From 1 September 2025 the BSP continued the moratorium on new VASP licences, subject to reassessment (M-2025-031).
- Token listings. Under Memorandum M-2026-023 (signed 5 June 2026), VASPs must run due diligence on coins and tokens under six pillars, monitor listed assets and define delisting triggers. Privacy coins may not be listed or supported (M-2026-023).
Summary of the BSP documents linked. The Securities and Exchange Commission's separate rules for crypto-asset service providers are not covered: sec.gov.ph blocks our network. Not legal advice.
Cite This Page
VASP Tracker, “Philippines BSP VASP List: All Licensed Crypto Firms”, https://vasptracker.com/en/ph/register/ (accessed 22 Oct 2026). CC BY 4.0.