This is one of the main reasons Bitcoin trading has become such a popular way to invest. $38,177.00 According to the DOF, the scam is using the names of prominent officials in the Finance and Treasury departments. Date Posted: 16 June 2020. Think we missed something? June 18, 2020 – The Securities and Exchange Commission finds out that Bitcoin Revolution continues to solicit investment in the Philippines without the necessary license and/or authority to do so. The SEC has recently warned the public about investing in the so-called Bitcoin Revolution Scam. Coins.ph, Rebit.ph, and Bitmarket.ph have led the financial revolution and restructuring of the financial induistry in the Philippines over the past two years. the name BITCOIN REVOLUTION using the domain “the-bitcoinrevolution.com” is continually soliciting investments in the Philippines WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY from the Commission despite the issuance of the previous Advisory against it dated 30 March 2020. After funding your digital wallet with BTC (as of this writing: 1 BTC = P270,000), you can create and register an account on BSP-regulated, SEC registered exchanges like PDAX, Coins.Pro, and Citadax. These advertisements claim that Bitcoin Revolution is a revolutionary … Every Coins.ph account comes with a free, ready-to-use bitcoin wallet. It allowed the system to offer better transactions than the regular cryptocurrency markets. BITCOIN REVOLUTION The public is again advised NOT TO INVEST or STOP INVESTING in any scheme offered by BITCOIN REVOLUTION or any other entities engaged in digital asset trading which promises ridiculous rates of return with little or no risk. BTC Dominance: According to the advisory, Bitcoin Revolution, which primarily does business in Australia and Europe, is also engaged in investment-taking activities in the Philippines … Since 2015, we have managed to grow our user base to nearly 100k. Among the registered companies is Rebittance Inc., a wholly owned subsidiary of Satoshi Citadel Industries (SCI), a fintech company building a blockchain ecosystem in the Philippines. The Philippines’ Department of Finance issues a new warning against Bitcoin Revolution, an online investment scam that uses names of Philippine officials to … $1.17 BTC: Bitcoin Revolution is one of many automated trading apps that promise a lot of money in a quick and easy way and has also experienced some controversies regarding the way it operates. banks, remittance centres, etc.) All Rights Reserved. The verification process on CEX.IO is quite extensive which makes it one of the most secure exchanges on the planet. However, Bitan Moneytech has been delisted as of June 30 and is no longer on the above BSP-approved list. The Philippines’ Department of Finance (DOF) issued a new warning against Bitcoin Revolution, an online investment scam that uses names of Philippine officials to dupe investors into putting money in an unregistered scheme. a life-changing system that can allegedly generate you millions from the cryptocurrency Bitcoin by making automated trades on your behalf – day & night. “Bitcoin Revolution Philippines” https://bitcoinevolution.uk/ Click left to get started making $13000 in 24 hours with this secret Profit Rev In this video we expose the Bitcoin Revolution as the SCAM it is. Scammers are using social media platforms to launch finanical scams. It also includes Australia, Europe, Singapore, the United Arab Emirates, El Salvador and South Africa. ... Last month, the Filipino Ministry of Finance issued an alert calling attention to Bitcoin Revolution, one of the industry’s top Ponzi schemes. SCI is also rolling out pre-loaded bitcoin cards as another fast way to get bitcoin into newcomers’ wallets. The Bitcoin Revolution System In The News? 944, Series of 2017, which provides for the Guidelines for Virtual Currency Exchanges. Bitcoin ATM at a Major Bank Union Bank of the Philippines (UBP) aka Unionbank, one of the largest banks in the country, recently installed a bitcoin ATM at one of its main branches, with the approval of the central bank and in partnership with Coins.ph. Bitcoin Price Will Hit $400,000 When USD Collapses, Analyst Predicts, A Break Below This Level Will Confirm BTC's Bearish Trend Reversal, Stocks, Oil And Bitcoin Sink In Volatile Trading, Putin, Xi Hail Ties At Launch Of Work On Nuclear Plants In China, As Consumers Go Alcohol Free, This Company Is Cornering The Market, White House Slams HHS For Allowing Migrant Kids To Sleep On Buses Overnight, All Eyes On Hezbollah As Tensions Rise On Israel Border, Super Socks To Amazing Underwear: Bombas Raises The Bar For Higher Purpose, Fixing Schools Starts With Nutrition: Revolution Foods Made It A Thriving Business, Leading In A Pandemic: CEOs Discuss How They Helped; What They Learned, The Philippines' Department of Finance warns the public against Bitcoin Revolution, Bitcoin Revolution is a scheme that promises as much as 300% return on investment quickly, The Philippines' Securities and Exchange Commission said anyone acting on behalf of the illegal investment scheme will be  penalized. According to a statement published on the department’s website on Sunday, the DOF has specifically warned against a fake “cryptocurrency auto-trading platform called Bitcoin Revolution.” Market Cap: The Philippines’ Finance Secretary Involved In a BTC Scam “. The agency said Bitcoin Revolution has all the “red flags” and all possible indications of a “Ponzi Scheme” using websites “similar to those use by cryptocurrency scams.”. The Securities and Exchange Commission (SEC) has recently issued an advisory (as seen below) on BITCOIN DIGITAL, warning the public of the individuals and groups involved in such activities.The advisory defines the activities behind the scheme, and advises the public to not to invest or stop investing in any investment scheme offered by the said entity, its … Bitcoin Revolution scam promoted using names of officials. The Securities and Exchange Commission (SEC) issued another warning against Bitcoin Revolution, which promotes itself as a cryptocurrency trading program endorsed by government officials, businessmen and celebrities. However, Their promotional video features the founder of the Virgin Group, Richard Branson, the founder of Microsoft, Bill Gates, etc. The Department of Finance (DOF) of the Philippines has yet again published a warning against cryptocurrency scams that are using the name of the country’s Finance Secretary, Carlos Dominguez.. Our members enjoy retreats around the world every month while they make money on their laptop with just a few minutes of work every day. Best Place To Buy Bitcoin In The Philippines With over three million users, CEX.IO is the simplest and most popular exchange for citizens in the Philippines to buy cryptocurrencies. Facts about the Bitcoin Revolution app. The Philippine Securities and Exchange Commission noted all investment activities in the country must first be registered with the commission before soliciting money from the public. In the 2nd advisory, the commission found the scheme is continually operating despite the previous advisory on March 20. However, Bitcoin Revolution does not have the license to solicit investments nor does it have the license to operate in the Philippines. Bitcoin Revolution is among one of the fast-spreading crypto scams in the world.

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