AUTHORITIES are warning the public anew on online scams.
Securities and Exchange Commission (SEC) Enforcement and Investor Protection Department Assistant Director Lalaine Monserate is warning the public on the proliferation of online scams.
Monserate said the emerging scam today which is widely used online is transactions involving bitcoins, used as a form of digital currency, created and held electronically.
Monserate said the bitcoins are used to trade items as well as drugs and have been alerted to the National Bureau of Investigation and the Philippine Drug enforcement Agency.
"Scammers are always two steps ahead of us and we should be informed of this," Monserate said.
http://www.sunstar.com.ph/baguio/local-news/2016/08/07/public-warned-bitcoin-scams-489959
