---
type: country
domain: web3-compliance
status: compiled
tags: [Legal, Crypto Tax, Crypto Regulation, Country]
aliases: [Philippines]
created: 2026-04-23
compile_into: ""
slug: country--philippines
sources: "[./crypto-map/data.json#/PH, \"https://soken.io/crypto-map/countries/philippines.html\"]"
source_url: "https://soken.io/crypto-map/countries/philippines.html"
title: "Philippines — Crypto Regulation 2026 | Soken"
description: The Philippines has a clear regulatory framework for cryptocurrencies, with the Bangko Sentral ng Pilipinas (BSP) regulating virtual currency exchanges…
scraped_at: "2026-04-23T20:07:32.212761+00:00"
entry_type_raw: country
region: southeast_asia
---

# Philippines — Crypto Regulation 2026 | Soken

# Philippines

The Philippines has a clear regulatory framework for cryptocurrencies, with the Bangko Sentral ng Pilipinas (BSP) regulating virtual currency exchanges under BSP Circular 944 (2017). Crypto activities are legal and regulated.

## Overview

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

## Tax

|     |     |
| --- | --- |
| Capital Gains (Personal) | No specific crypto tax; income tax at 0-35% progressive rates may apply |
| Capital Gains (Corporate) | 25% corporate tax (20% for SMEs) |
| VAT on Crypto | No |

The regulator page does not provide explicit tax details for cryptocurrencies.

## Licensing

|     |     |
| --- | --- |
| Required | Yes |
| Regulator | BSP / SEC PH |
| Framework | BSP Circular 944 (2017) - Virtual Currency Exchanges |
| Ease | medium |
| Cost | $200,000 - $1,000,000 (PHP 10M-50M minimum capital) |

Licensing is required for virtual currency exchanges under BSP Circular 944.

## DeFi

**Status:** unregulated

No explicit regulatory framework for DeFi is mentioned on the regulator page.

## Stablecoins

**Status:** regulated

Stablecoins are regulated under the general virtual currency framework by BSP.

## NFTs

**Status:** unregulated

## Mining

|     |     |
| --- | --- |
| Legal | Yes |
| Electricity | $0.12/kWh |
| Renewable | 25% |
| Infrastructure | good |

Mining is legal with moderate electricity costs and 25% renewable energy share.

## 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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