🇵🇭 The Philippines is tightening its grip on the crypto industry.

The country's central bank has introduced stricter compliance requirements for Virtual Asset Service Providers (VASPs), including enhanced customer verification, ongoing transaction monitoring, and mandatory screening measures.

In a major regulatory shift, licensed

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crypto exchanges will also be prohibited from listing privacy coins, reflecting growing concerns over anonymity and financial crime risks.

The move highlights a broader global trend toward increased oversight and stricter regulations across the digital asset sector.