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-focused virtual assets. 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.