As cryptocurrency adoption continues to grow, so does the need for clarity and protection for both users and the financial system. In the Philippines, crypto regulations in 2025 are designed to strike a balance between innovation, consumer protection, and financial security.
If you’re a crypto investor, trader, or business owner, this updated guide explains everything you need to know about staying legal and compliant under Philippine laws.
Overview: Crypto Regulations in the Philippines (As of 2025)
The Bangko Sentral ng Pilipinas (BSP) and the Securities and Exchange Commission (SEC) are the primary regulators of virtual assets in the country.
- BSP governs Virtual Asset Service Providers (VASPs)
- SEC oversees crypto-related investment schemes and securities
- BIR enforces taxation policies on crypto gains
Crypto is legal in the Philippines but must operate within the boundaries of these institutions’ frameworks.
BSP Regulation of Virtual Asset Service Providers (VASPs)
What Is a VASP?
A Virtual Asset Service Provider (VASP) refers to any entity that facilitates:
- Crypto-to-crypto or crypto-to-fiat exchanges
- Custodial wallets
- Crypto remittances
- Peer-to-peer crypto transactions
BSP Licensing Requirements in 2025:
All VASPs in the Philippines must:
- Secure a Certificate of Authority from the BSP
- Implement Know Your Customer (KYC) and Anti-Money Laundering (AML) systems
- Submit regular reports for monitoring and compliance
Popular BSP-Licensed VASPs in 2025:
- Coins.ph
- PDAX
- Maya Crypto
- GCrypto (powered by GCash)
SEC Oversight: Crypto as Securities and Investment Contracts
The SEC treats certain crypto offerings—especially those that resemble investments or securities—as regulated financial products.
Key SEC Rules:
- Initial Coin Offerings (ICOs) must be registered with the SEC
- Play-to-earn games with tokenomics may fall under investment contracts
- Crypto staking platforms, if offering returns, must provide disclosure and approval
Failure to comply may result in fines or blacklisting.
BIR Guidelines: Crypto Taxes in the Philippines
Is Crypto Taxed in the Philippines?
Yes. According to the Bureau of Internal Revenue (BIR), crypto is taxable under existing laws.
Taxable Events:
- Selling crypto for fiat
- Trading crypto for other tokens
- Earning through play-to-earn or staking
- Accepting crypto as payment for goods/services
Types of Taxes:
- Capital Gains Tax (if you’re profiting from price appreciation)
- Income Tax (for freelancers or earners paid in crypto)
- Value-Added Tax (VAT) for crypto-based businesses
BIR now requires crypto traders and freelancers to register and declare income via eFPS or eBIRForms.
Do You Need to Register as a Crypto Trader or Freelancer?
Yes—if you’re earning from crypto (via trading, freelancing, NFTs, or play-to-earn), you must:
- Register with the BIR as a self-employed individual
- Keep transaction records
- File and pay tax quarterly and annually
The government encourages voluntary compliance and offers online tax filing tools via bir.gov.ph.
Consumer Protection Measures in 2025
The Philippine government has stepped up efforts to protect crypto users by:
- Launching Crypto Helpline PH for fraud reports
- Issuing public advisories on scams and fake platforms
- Promoting digital literacy campaigns through DICT and SEC
Always verify if a platform is BSP-licensed or SEC-registered before investing.
Crypto Scams Still Exist: What to Watch Out For
Despite regulation, scams continue to target unsuspecting Filipinos.
Common 2025 Crypto Scams:
- Fake airdrops that steal your wallet keys
- Investment “doubling” schemes promising guaranteed returns
- Impersonators on Facebook and Telegram
- Play-to-earn NFT scams with no real utility
Always do your own research (DYOR) and verify with official government advisories.
Legal Crypto Activities Allowed in PH (2025)
| Activity | Is It Legal? | Regulation |
|---|---|---|
| Crypto Trading | ✅ Yes | BSP Regulated |
| Play-to-Earn Gaming | ✅ Yes (with caution) | SEC-monitored |
| Crypto Freelancing | ✅ Yes | Taxable by BIR |
| Buying/Selling NFTs | ✅ Yes | Taxable |
| Staking or Yield Farming | ✅ Yes (check SEC) | SEC/Taxable |
| ICOs and Token Launches | ✅ Yes (with approval) | SEC Required |
What to Expect Next in Crypto Regulations in PH
In 2025, regulatory developments are focused on:
- Launching the PH Digital Peso pilot program
- Creating clearer tax rules for play-to-earn and NFTs
- Improving cross-border crypto remittance guidelines
- Collaborating with ASEAN nations for crypto standardization
Final Thoughts: What Investors Should Know
If you’re investing in crypto in the Philippines:
- Stick with BSP-licensed platforms
- Understand your tax obligations
- Watch for SEC advisories before joining any ICO or staking scheme
- Be vigilant and avoid get-rich-quick traps
Crypto in PH is legal—but regulated. Play smart, play safe.
Helpful Resources:
- BSP VASP List: https://www.bsp.gov.ph
- SEC Advisories: https://www.sec.gov.ph
- BIR Crypto Tax Guide: https://www.bir.gov.ph