BSP Cracks Down on Crypto Token Listings in Philippines

The Bangko Sentral ng Pilipinas (BSP) has tightened its rules for crypto token listing and ongoing monitoring in the Philippines.

The BSP's updated requirements, published through its 2026 regulatory issuances, impose stricter standards on how licensed crypto platforms evaluate tokens before making them available to users and how those platforms must continue to monitor listed assets over time.

The new framework separates token oversight into two distinct obligations: pre-listing due diligence and post-listing monitoring. Licensed virtual asset service providers must meet heightened screening criteria before approving any new token for trading, including evaluation of the issuer's disclosures and the asset's underlying utility.

This could lead to faster delistings if a token's risk profile deteriorates after it begins trading.