Philippines issues warning over cryptocurrency platform

The Philippines Securities and Exchange Commission (SEC) has warned the public about a cryptocurrency platform that is allegedly offering unregistered securities.

According to a SEC advisory, Onecash Trading has been promising investors a "return of investment with 200% interest" in eight weeks.

The SEC alleges that, on its Facebook page, Onecash has been enticing the public to sign up to its website and deposit Php1,000 as an enrolment fee.

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