ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Tuesday Feb 20th 2018
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Philippines Senate President Denies Involvement With Cryptocurrency ICO

By

Jeremy

Nation

WriterETHNews.com

The Digital Currency Co. is the subject of an official investigation following the company's claims of affiliation with a Philippine politician who denies any such connection.

Local sources in the Phillippines reported on February 2, 2018, that an investigation has begun into cryptocurrency startup Digital Currency Co. (DCC) following its alleged claims of affiliation with Senate President Aquilino "Koko" Pimentel III.

It is often the case that disreputable companies offering ICOs will tout high-profile individuals as affiliated with their projects, when in fact no such collaboration exists. This may be in the form of alleging that the individuals are advisors, consultants, or board members, in an attempt to pander to investor sentiments.

Issued Thursday, February 1, under the direction of Justice Secretary Vitaliano Aguirre II, the National Bureau of Investigation (NBI) will pursue their examination of DCC's alleged misconduct, to assess whether "misrepresentation committed by Digital Currency Co. Ltd. and Mr. Boy Joven in their virtual currency venture 'Philippine Global Coin,' or such other securities or products" took place. If the NBI is able to build a case based on the evidence it finds, charges will be levied against DCC.

On Monday this week, Pimentel issued a statement where he refuted any such affiliation with DCC:

"There is no partnership between me and DCC, or the Senate and DCC. I met with these people as a matter of courtesy to visitors. I am shocked at their bold claims of an agreement between us using pictures that politicians normally have with visitors."

Pimentel also gave caution to Filipino workers abroad, warning them to "be wary of those who use the names of government officials and institutions in investment schemes."

"The government will never engage in activities that will profit off their sacrifices and hard work. Always check with the Philippine Embassy to verify individual claims of this nature," Pimentel concluded.

Jeremy Nation

Jeremy Nation is a writer living in Los Angeles with interests in technology, human rights, and cuisine. He is a full time staff writer for ETHNews and holds value in Ether.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Phillippines, Digital Currency Co. or other Ethereum cryptocurrencies and tokens news.