Is crypto mining legal in the Philippines?

Crypto mining in the Philippines is legal, and there is no mining permit to apply for. Owning and trading crypto is legal too, as covered in is crypto legal in the Philippines. The two places where the law reaches miners are securities rules, for anyone selling mining investments to others, and income tax.

Is bitcoin mining legal in the Philippines?

Yes. The Bangko Sentral ng Pilipinas (BSP) says virtual assets have no legal tender status but can be bought, held and transferred. It licenses virtual asset service providers (VASPs), which it defines by four activities: exchanging crypto for pesos, exchanging one crypto for another, transferring crypto, and safekeeping or administering crypto for others. Mining your own coins is not one of them.

We found no Philippine law, regulation or energy rule specific to crypto mining as of October 2026. For how the process works, see how bitcoin mining works.

When does the SEC get involved in crypto mining?

When mining is sold to the public as an investment. In September 2020 the Securities and Exchange Commission (SEC) warned the public about Mining City, which promoters described as a crypto mining operation where investors funded shared machines in a remote data centre in return for daily payouts.

The SEC said those contracts were investment contracts, a type of security, and that the firm had no licence to sell them. It said the setup resembled a Ponzi scheme, that promoters and recruiters could face criminal penalties, and that it would report them to the Bureau of Internal Revenue. Claims of decentralisation did not change that, BitPinas reported. Cloud mining plans are built on a similar idea and are explained in what is cloud mining.

How is crypto mining taxed in the Philippines?

The BIR has not issued crypto-specific tax regulations, so general income tax rules apply. PwC Philippines notes the lack of clear BIR guidelines and says investors should still expect crypto income to be taxable, with treatment depending on whether crypto is held as an ordinary asset or a capital asset.

Local tax advisers such as Taxify list crypto mining under business income. Individual income is taxed at graduated rates, from 0% on the first ₱250,000 up to 35% on income above ₱8 million. Non-VAT-registered taxpayers with gross receipts of ₱3 million or less may instead choose an 8% rate on gross income above ₱250,000. The full picture is in how crypto is taxed in the Philippines.

Rules differ by country and change often. Check the tax authority or a qualified professional for your own situation.