Guidelines for Virtual Currency Exchanges, Bangko Sentral ng Pilipinas Circular No. 944, Series of 2017

The Guidelines govern the operations and reporting obligations of virtual currency (VC) exchanges in the Philippines. They recognize the State's policy to provide an environment that encourages financial innovation which likewise ensures the protection of the Philippines' financial system from money laundering and terrorist financing. The Guidelines provide for the obligation of virtual currency exchange entities. Among these are:

• To secure a Certificate of Registration to operate as a remittance and transfer company.
• To enforce adequate risk management and security control mechanisms against risks associated with VC exchanges.
• To abide by the reportorial requirements as required by the Supervision and Examination Sector of the Bangko Sentral ng Pilipinas.