Is LBank available in the Philippines?
LBank does not list the Philippines among the countries and regions it restricts in its published User Agreement, so residents can generally access the platform. LBank is not registered as a Crypto Asset Service Provider with the Securities and Exchange Commission, or as a Virtual Asset Service Provider with Bangko Sentral ng Pilipinas, so it operates without local authorisation, the main limit to weigh before acting.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
How we checked this. We set this status by reading the platform's own terms of use and country eligibility, and the public register kept by the named regulator, then dated the result. Availability can change, so confirm directly with the platform and the regulator before acting. As of 26 June 2026.
As of 26 June 2026, LBank does not list the Philippines among the countries it restricts in its User Agreement, so residents can generally access the platform, but LBank is not registered as a Crypto Asset Service Provider with the Securities and Exchange Commission or as a Virtual Asset Service Provider with Bangko Sentral ng Pilipinas. Treat LBank as available with limits and unregulated locally, and verify the current position before acting.
Availability for Philippines residents
LBank is a global crypto exchange registered in the British Virgin Islands. Its published User Agreement does not list the Philippines among the countries and regions it does not serve, so residents can generally register and trade. Being able to access a platform is not the same as that platform holding a local authorisation.
The Philippines runs two parallel regimes. The Securities and Exchange Commission issued the Rules on Crypto Asset Service Providers in Memorandum Circular Number 4 series of 2025, which took effect in July 2025 and require a crypto asset service provider offering services in the Philippines to register and to meet capital and local presence requirements. Bangko Sentral ng Pilipinas licenses Virtual Asset Service Providers under Circular 1108 and has maintained a moratorium on new Virtual Asset Service Provider licences.
As of 26 June 2026, LBank does not appear among Securities and Exchange Commission registered crypto asset service providers or Bangko Sentral ng Pilipinas licensed virtual asset service providers. It therefore operates without local registration, which is the main limit on this page. Confirm the current position with the Securities and Exchange Commission and Bangko Sentral ng Pilipinas before acting.
Access, KYC, and products
LBank is a global crypto exchange registered in the British Virgin Islands that offers spot and derivatives trading. It is a custodial platform, which means it holds the assets in an account on the user behalf rather than giving the user the private keys, and it requires identity verification, known as know your customer, before trading.
Because LBank operates without local authorisation here, the protections that come with a licensed provider, such as supervised safeguarding of client assets and a local complaints route, may not apply. Securities and Exchange Commission and Bangko Sentral ng Pilipinas supervision is the missing layer, so treat the platform as unregulated locally and weigh that before you act.
How crypto is taxed in the Philippines
The Philippines taxes income for residents, and gains from crypto activity can be taxable under the rules administered by the Bureau of Internal Revenue, depending on whether the activity is treated as trading, business, or another category.
Treatment depends on personal circumstances and can change, so confirm the current position with the Bureau of Internal Revenue or a qualified adviser. See the Philippines crypto tax page for a fuller explanation. This is general information, not tax advice (as of 26 June 2026).
Several platforms serve residents of the Philippines, and some hold a Securities and Exchange Commission registration or a Bangko Sentral ng Pilipinas licence. Availability, registration status, and products vary, so compare the options that are genuinely available in the Philippines before you choose, and check each platform's local registration.
Every availability status here is dated and checked against the named regulator's public register. We never place a link to a platform where it is not available.
Regulator and sources
The Philippines regulators for crypto platforms are the Securities and Exchange Commission, under its Crypto Asset Service Provider rules, and Bangko Sentral ng Pilipinas, under its Virtual Asset Service Provider framework, and tax is administered by the Bureau of Internal Revenue. The position below is stated as of 26 June 2026 and should be confirmed on the primary sources.
- Securities and Exchange Commission of the Philippines, Rules on Crypto Asset Service Providers, Memorandum Circular Number 4 series of 2025.
- Bangko Sentral ng Pilipinas, Virtual Asset Service Provider framework under Circular 1108 and the moratorium on new licences.
- Bureau of Internal Revenue, guidance on the taxation of income.
- LBank, published User Agreement on the countries and regions it serves.
Frequently asked questions
Is LBank available in the Philippines?
As of 26 June 2026, LBank does not list the Philippines among the countries it restricts in its User Agreement, so residents can generally access the platform. LBank is not registered with the Securities and Exchange Commission or Bangko Sentral ng Pilipinas, so treat it as available with limits and verify the position.
Is LBank registered with the SEC or BSP in the Philippines?
No. As of 26 June 2026, LBank does not appear among Securities and Exchange Commission registered crypto asset service providers or Bangko Sentral ng Pilipinas licensed virtual asset service providers.
Is it legal to own crypto in the Philippines?
Holding and trading crypto is permitted in the Philippines within frameworks supervised by the Securities and Exchange Commission and Bangko Sentral ng Pilipinas. The open question on this page is the local registration of the LBank platform, not whether owning crypto is allowed.
What registration does a crypto platform need in the Philippines?
A crypto asset service provider offering services in the Philippines is expected to register with the Securities and Exchange Commission under Memorandum Circular Number 4 series of 2025, and a virtual asset service provider needs a Bangko Sentral ng Pilipinas licence, subject to the moratorium on new licences.
How is crypto taxed in the Philippines?
Income from crypto activity can be taxable under the rules administered by the Bureau of Internal Revenue, depending on the nature of the activity. See the Philippines crypto tax page. This is general information, not tax advice.
Where can I confirm the current position?
Check the Securities and Exchange Commission and Bangko Sentral ng Pilipinas registers and notices, and LBank own published updates. Those primary sources are the most current way to confirm availability before acting.
Rules change frequently. Exchange availability and registration can change at short notice, and the Philippines tightened its rules with the Securities and Exchange Commission Crypto Asset Service Provider regime in 2025. The position on this page is dated 26 June 2026. Confirm the current status with the Securities and Exchange Commission and Bangko Sentral ng Pilipinas and the platform before you act.
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