币界网报道：The Philippines is emerging as a crypto-friendly hub in Asia, with regulators adopting a balanced approach to digital asset oversight. The Bangko Sentral ng Pilipinas (BSP) classifies cryptocurrencies as "virtual currencies" under remittance and transfer services, requiring exchanges to register as Virtual Asset Service Providers (VASPs). Meanwhile, the Securities and Exchange Commission (SEC) applies securities laws to token offerings, warning against unregistered ICOS. Notably, the Cagayan Economic Zone Authority (CEZA) has licensed several crypto firms as Offshore Virtual Currency Exchanges, though they're restricted from serving Filipino residents. Recent developments include the BSP's 2021 guidelines mandating VASPs to implement anti-money laundering measures and report suspicious transactions. While taxation remains unclear, the Bureau of Internal Revenue treats crypto trading as capital gains. The country's progressive stance is attracting crypto businesses, with over 17 licensed exchanges operating under BSP supervision as of 2022. However, regulators continue cautioning investors about risks in the volatile market.