The Philippine Stock Exchange on Monday said it does not sell cryptocurrencies and warned the public against dealing with individuals selling blockchain digital currency products using the bourse’s name.
In an advisory, the PSE said it received reports that a certain individual who claims that she is a member of a new trading project team the exchange created to sell blockchain digital currency, and that the PSE has allegedly worked with several banks around the world for the product.
It offers a “stable income” of 20 percent to 30 percent per day, promising a monthly income of between $1,000 to $2,000.
After convincing the would-be victim, the individual will direct them to a link to register their own account, after which they will assign a “professional tutor” to show them the succeeding steps.
“The PSE reiterates that it does not sell cryptocurrencies and that its employees or agents do not promote, for purposes of investment any specific stock, investment instrument or cryptocurrency,” PSE President Ramon S. Monzon said.
“The PSE reminds the investing public to exercise prudence and due diligence in dealing with social media accounts that purportedly offer investments and represent themselves as employees or agents of the exchange.”