1 day ago
BSP Bans Privacy Coins, Orders VASPs to Adopt Stricter Token Listing Standards
RegulationBangko Sentral ng PilipinasBSPcrypto regulationdigital asset complianceprivacy coins banprivacy virtual assetsToken ListingVASP Philippines
TLDR: BSP has explicitly banned VASPs from listing or supporting anonymity-enhancing privacy virtual assets. VASPs must assess tokens across six pillars including issuer background, liquidity, and legal compliance. Ongoing monitoring is required, with deviation thresholds set as automatic triggers for token delisting. Misleading disclosures, market abuse, and cybersecurity risks are grounds for immediate token suspension. [...]
The post BSP Bans Privacy Coins, Orders VASPs to Adopt Stricter Token Listing Standards appeared first on Blockonomi.
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