Philippines strengthens encryption regulation: CASP must obtain a license and $1.8 million in capital.

MinerOldCannon · 2025-06-12T15:20:50+00:00

The Philippines has implemented the most comprehensive digital asset regulatory framework, requiring encryption asset service providers to sign up local companies, meet minimum capital requirements, and comply with regulations such as information disclosure and customer asset segregation. The new regulations came into effect on May 30.

MinerOldCannon

2025-06-12 15:20:50

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[Golden Finance] Cryptocurrency service providers in the Philippines are now required to obtain licenses and comply with strict information disclosure requirements, marking the country’s most comprehensive digital asset regulatory framework to date. Cryptocurrency asset service providers (CASP) operating in the Philippines must sign up as local companies and meet a minimum paid-in capital requirement of ₱100 million (approximately $1.8 million). The new regulations were issued on May 30 under the Philippine Securities and Exchange Commission (SEC) Memorandum Circular No. 5 and officially took effect on Thursday. Businesses are also required to establish physical offices, segregate customer assets from company assets, and submit operational reports regularly.

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