Landmark Legislation Advances in the Senate
The Philippine Senate Committee on Banks, Financial Institutions, and Currencies has approved the Digital Asset Act of 2025, sending it to the plenary for a full vote. The bill, if enacted, would establish the most comprehensive digital asset regulatory framework in Southeast Asia.
What the Bill Covers
The legislation addresses several key areas including the legal classification of digital assets, investor protection mechanisms, tax treatment of crypto gains, and the establishment of a dedicated Digital Asset Regulatory Office (DARO) under the Securities and Exchange Commission.
For Filipino retail investors, the most significant provision is the mandatory insurance scheme that would protect crypto holdings up to ₱500,000 per account — similar to the PDIC protection for bank deposits.
