Philippines Crypto Exchange Blacklist – Guide to Safe Trading

When talking about Philippines crypto exchange blacklist, a government‑maintained list of crypto platforms that are prohibited or restricted for Philippine residents. Also known as the PH exchange blacklist, it helps traders avoid unlicensed services and potential fraud. The list is overseen by the Bangko Sentral ng Pilipinas (BSP), the country's central bank and primary crypto regulator, which issues licenses, monitors compliance, and can order exchanges to shut down. Crypto exchange, any online platform that lets users buy, sell, or trade digital assets that operate without a BSP license automatically fall onto the blacklist. This relationship creates a clear rule: Philippine regulators enforce the blacklist, and the blacklist defines which crypto exchanges are illegal. The resulting ecosystem pushes legitimate platforms to seek proper licensing, while scammers find it harder to hide behind anonymity. In practice, the blacklist includes names that have been flagged for money‑laundering violations, lack of consumer protection, or failure to register with the BSP. Understanding these three entities—blacklist, regulator, and exchange—gives you a solid base to assess any platform before you deposit funds.

How to Use the Blacklist and Spot Red Flags

Checking the blacklist is the first step whenever you hear about a new exchange. Look for the exchange’s name on the official BSP portal; if it’s missing, that’s a red flag. The crypto exchange scam, a fraudulent service that mimics a legitimate platform to steal users’ assets often appears in media reports and community warnings before the regulator updates the list. Articles like our Coinchase review or Poloniex review 2025 illustrate common scam tactics: false promises of high returns, fake KYC processes, and unverified claims of insurance. When an exchange claims to be “licensed” but you can’t find its registration number on the BSP site, treat it with caution. Other warning signs include unusually low fees, lack of clear contact information, and aggressive marketing on social media. If an exchange is on the blacklist, the BSP may also issue public advisories, freeze assets, or pursue legal action, which can result in sudden loss of access to your funds. By cross‑checking the blacklist, verifying licensing, and applying the red‑flag checklist, you reduce the risk of falling for a scam. Below you’ll find a curated set of articles that dive deeper into exchange reviews, regulatory updates, and practical tips for staying compliant while trading in the Philippines.