Philippines Crypto Regulation Timeline

Key dates for the licensing of virtual asset service providers by the BSP.

1. 26 Jan 2021Rules

   BSP Circular No. 1108

   Guidelines for virtual asset service providers replace the rules for virtual currency exchanges; exchange, transfer and safekeeping of virtual assets need a BSP Certificate of Authority.

   Source: BSP FAQ, Circular No. 1108 official

2. 1 Sep 2022Licence window

   Regular Licence Window Closes

   The regular application window for new VASP licences closes for three years; BSP-supervised financial institutions may still apply.

   Source: M-2022-035 official

3. 1 Sep 2025Licence window

   Moratorium Continued

   The BSP continues the moratorium on new VASP licences, subject to reassessment.

   Source: M-2025-031 official

4. 5 Jun 2026Rules

   Coin and Token Listing Guidelines

   Six due-diligence pillars for listings; privacy coins may not be listed or supported.

   Source: M-2026-023 official

5. 15 Jul 2026BSP list

   BSP List of VASPs Updated

   6 active non-bank VASPs, 2 bank VASPs and 1 inactive firm(s).

   Source: BSP list official