According to The Philippine Star, the Central Bank of the Philippines (BSP) has required virtual asset service providers (VASPs) to strengthen standards for token listing, monitoring, and delisting, and explicitly prohibit the listing or support of anonymous enhanced virtual assets, namely privacy tokens. The BSP memorandum mandates VASPs to establish due diligence processes for virtual assets proposed for listing or trading, assessing issuer background, market maturity, use cases, transparency and traceability, security, liquidity, reserves, and legal compliance risks, and to set delisting trigger conditions for deviations from listing standards.

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RiskParachute
· 7h ago
Anonymous coins are completely out of the picture in the Philippines. Will other countries follow suit?
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MorningGoldAsWavesCrashAgainst
· 8h ago
Traceability becomes a hard metric, and Web3’s anonymous DNA is being rewritten by regulators
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Paper-CutOctopusMarketAnalysis
· 8h ago
The due diligence checklist is so long that small exchanges' operating costs skyrocket.
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AprDaydream
· 8h ago
BSP actions are quite swift, with compliance pressure directly transmitted to the exchange level.
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GaslightGuardian
· 8h ago
Privacy coins are about to fade away.
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