DOF warns about cryptocurrency scam

MANILA, Philippines — Contrary to “fake news” spreading around which even name-dropped President Rodrigo Duterte, the Philippine government is not enjoining all Filipino citizens to invest in cryptocurrencies, the Department of Finance (DOF) warned on Tuesday.

In a statement, the DOF noted of misinformation that the Philippines was supposedly putting up a platform “to start generating income with cryptocurrency.”

“There is no such effort by the government,” DOF Assistant Secretary and spokesperson Antonio Joselito G. Lambino II said.

“Peddlers of such fake news have alleged in an article that the government has created a platform called Bitcoin Lifestyle and that President Duterte is urging all citizens of Philippines to learn about Bitcoin Lifestyle quickly to get involved,” the DOF said.

“We categorically deny that there is such a move, and warn the public against potentially harmful financial transactions with those behind the article,” Lambino…