Fake cryptocurrency platforms draw flak anew – The Manila Times

The Department of Finance (DoF) has once again issued a stern warning against potentially harmful get-rich-quick online schemes purportedly launched by the government.

This latest advisory arose from a news article stating that the government had created a platform called “Bitcoin Lifestyle” and that President Rodrigo Duterte “is urging all citizens of the Philippines to learn about Bitcoin Lifestyle quickly to get involved.”

The fake news further suggested that “the government of Philippines asserts that tax revenues [from Bitcoin Lifestyle] would be huge and would benefit all citizens, and most of it would go to the financing of Philippines’s retirement and to counteract the crisis of learning support services.”

Finance Assistant Secretary Antonio Joselito Lambino 2nd said, “This is false. We categorically deny that there is such a move and warn the public against potentially harmful financial transactions with those behind the article.”

“We urge the public to…