PSE warns vs blockchain schemesMANILA, Philippines — The Philippine Stock Exchange (PSE) has warned investors against blockchain schemes, saying its name is even being used to solicit investments from the public. In a recent circular, the PSE said it received reports that an individual has been going around representing herself as a member of a project team established by PSE for blockchain digital currency. The individual is soliciting investments and inviting people to create an account through the supposed project team’s website. According to the PSE, the individual guarantees investors hefty returns of 20 to 30 percent or $1,000 to $2,000 daily. Both the PSE and the Securities and Exchange Commission (SEC) have been consistently warning the public against fraudulent investment schemes.

Source: Philippine Star October 05, 2021 15:56 UTC