Philippines Custodial Wallet – Compliant Development
Launch a custodial wallet in Philippines with compliance controls mapped to BSP and BSP VASP. Block Intelligence builds production software; independent counsel handles licensing.
Compliance scope
Philippines · Custodial Wallet
The BSP registers virtual asset service providers for exchange and transfer services.
| Jurisdiction | Philippines |
|---|---|
| Regulator | BSP |
| Product | Custodial Wallet |
Software
Built-in compliance controls
- Custodial key management with HSM or secure enclave options
- Multi-chain deposits, withdrawals, and balance reconciliation
- Transaction monitoring and velocity limits
- Account recovery flows with identity re-verification
- Compliance reporting and user activity audit trails
- Secure key management systems
- User authentication and verification processes
- Compliance monitoring for transactions
- Integration with regulatory reporting tools
Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.
FAQ
Frequently asked questions
- What is a custodial wallet?
- A custodial wallet is a type of crypto wallet where a third party holds the private keys on behalf of the user.
- What compliance measures are needed for custodial wallets?
- Custodial wallets must implement KYC and AML protocols, along with secure storage and transaction monitoring.
- How does Block Intelligence ensure custodial wallet compliance?
- We embed compliance controls in the wallet's software, ensuring it meets BSP VASP requirements.