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The Central Bank of the Philippines issues new regulations: banning regulated crypto platforms from listing privacy coins and tightening listing standards
Related compliant platforms are required to delist existing privacy tokens, but the new regulations do not currently restrict users from peer-to-peer (P2P) transfers outside compliant platforms.
Additionally, to strengthen anti-money laundering supervision, the memo also comprehensively tightens the standards for listing cryptocurrencies, requiring platforms to conduct more rigorous qualification reviews, risk assessments, and ongoing monitoring before listing new tokens and stablecoins.