TechFlow News: On June 15, according to FinanceFeeds, the Bangko Sentral ng Pilipinas (BSP) approved Memorandum M-2026-023, prohibiting licensed cryptocurrency exchanges and other virtual asset service providers (VASPs) from listing or supporting privacy coins to strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) regulation. The new rule primarily targets regulated platforms and does not affect individual holdings of privacy coins or over-the-counter (OTC) peer-to-peer transfers.
At the same time, the Philippines has also tightened token listing review requirements, mandating platforms to conduct ongoing assessments of issuers’ backgrounds, governance structures, liquidity, legal compliance, technology, and investor protection. This move implies that tokens with stronger privacy features and lower transparency will face increased delisting pressure on compliant trading platforms in the Philippines.
