Second Ban Announced for This Altcoin Group: After Dubai, It’s Also Banned from Listing in This Country!

Privacy-focused cryptocurrencies, which have recently attracted attention with their rise, have received bad news. Following Dubai, news of a ban has also come from the Philippines.

According to Decrypt, the Central Bank of the Philippines (BSP) has banned the listing and trading of privacy-focused cryptocurrencies.

The Central Bank of the Philippines has banned exchanges from listing privacy-focused altcoins such as Monero (XMR) and Zcash (ZEC).

The central bank banned the listing and trading of privacy-focused cryptocurrencies like Monero and Zcash on exchanges, citing high money laundering risks.

However, the country’s central bank issued and immediately implemented new guidelines for local virtual asset service providers (VASPs) regarding virtual asset listing and monitoring. At this point, token listing standards for cryptocurrency exchanges were also tightened.

Under the new rules, all licensed cryptocurrency exchanges in the Philippines will be required to establish a robust due diligence and certification process before listing a new cryptocurrency. This process must involve rigorously assessing potential threats to financial stability and verifying consumer protection frameworks.

The guidelines also impose post-listing obligations on exchanges. Exchanges must continuously monitor listed assets and review whether to suspend trading or delist them if they reach certain thresholds. These thresholds include loss of liquidity, issuer bankruptcy, involvement in fraud or scandal, delisting, major security breaches, and misleading disclosures.

This step marks the final phase of the Philippines’ efforts to tighten broader cryptocurrency regulations. In June 2025, the Philippine Securities and Exchange Commission (SEC) mandated that crypto asset service providers (CASPs) register locally, hold at least 100 million pesos in paid-in capital, store customer data within the country, and report to the country’s anti-money laundering agency. The SEC also decided in August 2025 to block access to 10 offshore crypto platforms, including OKX, Bybit, Kraken, and KuCoin.

Previously, Dubai’s financial regulator stated that privacy tokens were completely banned in the Dubai International Financial Centre, citing money laundering and compliance risks.

*This is not investment advice.