---
type: country
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "southeast_asia", "apg", "legal"]
aliases: ["PH", "PHL", "Pilipinas"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--philippines]]"]
sources:
  - name: "https://www.bsp.gov.ph"
    url: "https://www.bsp.gov.ph"
    type: "official"
  - name: "https://www.sec.gov.ph"
    url: "https://www.sec.gov.ph"
    type: "official"
---

#  Philippines (PH) — Crypto Regulation

> The Philippines has a clear regulatory framework for cryptocurrencies, with the Bangko Sentral ng Pilipinas (BSP) regulating virtual currency exchanges under BSP Circular 944 (2017). Crypto activities are legal and regulated.

## Overview

| Field | Value |
|-------|-------|
| Status | Legal |
| Risk Score | 30/100 (Moderate Risk) |
| Enforcement Level | Moderate |
| Region | [[domain--asia-pacific|southeast asia]] |
| Currency | [[entity--php|PHP]] |

## Tax

| Type | Rate |
|------|------|
| Capital Gains (Personal) | No specific crypto tax; income tax at 0-35% progressive rates may apply |
| Capital Gains (Corporate) | 25% corporate tax (20% for SMEs) |
| VAT on Crypto | No |

The regulator page does not provide explicit tax details for cryptocurrencies.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--bsp|BSP]] / SEC PH |
| Framework | BSP Circular 944 (2017) - Virtual Currency Exchanges |
| Ease | medium |
| Cost | $200,000 - $1,000,000 (PHP 10M-50M minimum capital) |
| Timeline | 6-12 months |

Licensing is required for virtual currency exchanges under BSP Circular 944.

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| FATF Member | No |
| FATF Status | fsrb_only |

## DeFi

**Status:** unregulated

No explicit regulatory framework for DeFi is mentioned on the regulator page.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the general virtual currency framework by BSP.

## NFTs

**Status:** unregulated

## Mining

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.12/kWh |
| Renewable Energy | 25% |
| Climate | tropical |
| Infrastructure | good |

Mining is legal with moderate electricity costs and 25% renewable energy share.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | stable |
| Sanctions | No |
| Corruption Index | 34/100 |
| Ease of Business | moderate |
| Internet Freedom | partly_free |
| Banking Access | moderate |

## Enforcement

No detailed enforcement information available

## CBDC Status: pilot

---

*Data source: [Soken Crypto Legal Map](https://soken.dev/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [https://www.bsp.gov.ph](https://www.bsp.gov.ph)
- [https://www.sec.gov.ph](https://www.sec.gov.ph)