Bangko Sentral ng Pilipinas (BSP) has issued Memorandum No. M-2026-023 to outline strict due diligence expectations for crypto token listing and delisting activities.

The regulation directs all virtual asset service providers to set up comprehensive accreditation processes before supported assets can be traded.

BSP’s expectations are organised into six distinct evaluation pillars to align with international best practices.

Under the first three pillars, virtual asset platforms must closely evaluate the corporate background of the issuer, total market capitalisation, and specific product use cases.

Providers are also required to ensure project whitepapers remain readily accessible to retail consumers.

The remaining pillars cover technical transparency, system traceability, asset security audits, liquidity pools, and legal risk compliance.

Asset-backed tokens must demonstrate verifiable reserves and clear operational stabilisation mechanisms to build customer confidence.

The central bank strictly prohibited the listing or support of anonymity-enhancing virtual assets, which are commonly known as privacy tokens.

Platforms must also establish continuous monitoring protocols to serve as triggers for the automatic delisting or suspension of digital assets.

Exchanges face mandatory suspension orders if supported coins encounter adverse economic developments, security breaches, or misleading corporate disclosures.

The guidelines serve as a minimum benchmark, allowing providers to build their own custom evaluation frameworks around the core principles.

Featured image: Edited by Fintech News Philippines based on an image by lifeforstock via Magnific.