Don’t put money in crypto currency, Filipinos warned

Staff Reporter - Muscat, March 7 - The Philippines Embassy has warned the Overseas Filipino Workers (OFWs) in Oman against investing in any virtual or cryptocurrencies claiming to have the government support. Similar to a warning issued to OFWs in Syria, the embassy in Muscat said the digital currency, ‘Philippine Global Coin’, was aimed at the OFWs. The statement said, “In light of reports received by Philippine government authorities on a partnership allegedly entered into by the Philippine Senate and Digital Currency, Co (DCC), the Philippine Embassy in the Sultanate of Oman informs the Filipino community that the Senate wholly denies the existence of the supposed partnership and firmly denounces any and all claims of senate participation in such venture.” The embassy added, “Please be informed that any claim that the senate has entered into partnership with DCC — a function that beyond senate’s mandate is plainly false and patently misleading.” “The DCC is marketing the Philippine Global Coin as an initiative of the Philippine government, enticing Overseas Filipino Workers,” said the statement.