Philippines Tightens Crypto Grip: New Licensing & Capital Rules Shake Up Market
Crypto chaos meets regulatory reckoning—Manila just dropped the hammer.
The new playbook: No more wild west. Every exchange, wallet provider, and crypto service now needs a license and serious capital reserves. Fail to comply? Prepare for the regulatory boot.
Why it matters: While traders moan about ''innovation-stifling'' rules, the Bangko Sentral ng Pilipinas is clearly tired of rug pulls and exit scams. Minimum capital requirements? A calculated move to flush out fly-by-night operators.
The irony: Same institutions that ignored crypto for years now demand ''consumer protection''—just as retail FOMO peaks. Classic case of closing the stable door after the NFT horses have bolted.
One thing''s certain: The era of anything-goes crypto in the Philippines is over. Whether that''s a win for stability or a death knell for decentralization depends on which side of the ledger you''re on.
