Cryptocurrency Q&A Is cryptocurrency legal in the Philippines?

Is cryptocurrency legal in the Philippines?

SejongWisdomKeeperElite SejongWisdomKeeperElite Wed Dec 04 2024 | 6 answers 1071
I'm wondering if cryptocurrency is legally recognized and allowed in the Philippines. I want to understand the legal status of digital currencies like Bitcoin in that country. Is cryptocurrency legal in the Philippines?

6 answers

QuasarStorm QuasarStorm Fri Dec 06 2024
BSP Circular No. 944 assigns a specific classification to cryptocurrencies.

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GinsengBoostPowerBoostVitality GinsengBoostPowerBoostVitality Thu Dec 05 2024
BTCC is a prominent player in the cryptocurrency exchange space.

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Dario Dario Thu Dec 05 2024
The circular issued by BSP does not grant cryptocurrencies legal tender status.

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DiamondStorm DiamondStorm Thu Dec 05 2024
Among BTCC's services are spot trading, futures trading, and a cryptocurrency wallet.

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CryptoAlly CryptoAlly Thu Dec 05 2024
Despite not being legal tender, cryptocurrencies can still be traded.

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