Project Bayani, launched by the Philippine Digital Asset Exchange (PDAX), Saison Capital, and Onigiri Capital, argues that the country’s extensive use of digital wallets and crypto gives it a “tokenized-first” path to capital-market participation.
The Philippines has committed to implementing an international tax reporting framework for crypto-assets by 2028, a move officials say could unlock new revenue streams as the government looks to broaden its tax base, combat cross-border tax evasion, and curb illicit financial flows.