Philippines Opens Investigation Against Cryptocurrency Firm Using The Name Of A Political Person

Philippines Ministry of Justice has launched an investigation into a cryptocurrency firm that is trying to attract customers using the name of Speaker of the HouseAquillino Pimentel III.

Koko, known as Pimentel’ It was stated that the name of was used fraudulently by a crypto money company called Global Coin and that it tried to attract customers in this way, and an investigation was launched against the company regarding the incident.

In the statements on the subject. While Koko Pimentel stated that she has no ties to the aforementioned Global Coin crypto money company, she also stated that the company is not even remotely related to the parliament.

Pimentel, on Monday In a written statement made on the same day, he stated that it was very unethical behavior for the company to use such “sharp” expressions and mention his name, and he could not believe it.. Pimentel stated that he had met with the company officials several times, but stated that these meetings were limited to the exchange of ideas and reiterated once again that he had no organic ties with the company. by warning their deputies; stated that they should not tolerate such situations. In addition, Pimentel urged the public to use common sense in the face of such fake incidents and asked them not to give credit to such things.

Speech on the subject, Pimentel:

“As the government, we have never been involved in such formations. we have no direct influence or contribution. This is our policy to the contrary, rather than our choice.. Our citizens should also be careful about this issue and they should definitely investigate when the name of a government is mentioned.. Let them get to work after getting approval from the necessary institutions.” said.

Pimentel also wanted the relevant institutions to be notified when such a situation is encountered, and stated that they would impose sanctions that include serious penalties for such formations.

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