---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Crypto Tax, Crypto Regulation, Country]
aliases: [Manila Ceza]
created: 2026-04-23
compile_into: ""
slug: city--manila-ceza
sources: "[./crypto-map/data.json#/PH-MNL, \"https://soken.io/crypto-map/countries/manila-ceza.html\"]"
source_url: "https://soken.io/crypto-map/countries/manila-ceza.html"
title: "Manila (CEZA) — Crypto Regulation 2026 | Soken"
description: The Philippines has a clear regulatory framework for cryptocurrencies, governed primarily by BSP Circular 1108…
scraped_at: "2026-04-23T20:06:29.312035+00:00"
entry_type_raw: city
parent_country: PH
region: southeast_asia
---

# Manila (CEZA) — Crypto Regulation 2026 | Soken

# 🇵🇭 Manila (CEZA)

The Philippines has a clear regulatory framework for cryptocurrencies, governed primarily by BSP Circular 1108, indicating a legal status for crypto activities.

## Overview

|     |     |
| --- | --- |
| Status | **Legal** |
| Risk Score | 30/100 (Moderate Risk) |
| Region | southeast asia |
| Currency | PHP |

## Tax

|     |     |
| --- | --- |
| VAT on Crypto | Yes |

Cryptocurrency transactions are subject to VAT as per the regulator's guidance, but specific rates for capital gains, staking, mining, and airdrops are not explicitly stated.

## Licensing

|     |     |
| --- | --- |
| Required | Yes |
| Regulator | BSP / SEC Philippines / CEZA |
| Framework | BSP Circular 1108 |
| Ease | medium |
| Cost | N/A |

Licensing is required for crypto exchanges and service providers under BSP Circular 1108, with moderate ease of obtaining licenses.

## DeFi

**Status:** regulated

DeFi activities are regulated under the existing crypto regulatory framework, requiring compliance with AML and licensing rules.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the BSP framework, requiring issuers to comply with licensing and AML requirements.

## NFTs

**Status:** no\_rules

No specific NFT regulation

## Mining

|     |     |
| --- | --- |
| Legal | Yes |
| Electricity | $0.1/kWh |
| Renewable | 18% |
| Infrastructure | good |

Mining is legal with moderate electricity costs and a tropical climate affecting cooling. Infrastructure is rated good in Manila CEZA zone.

## Geopolitics

|     |     |
| --- | --- |
| Stability | stable |
| Sanctions | No |
| Corruption Index | 34/100 |
| Banking Access | moderate |

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

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