BSP warns public of cryptocurrency investment fraud

QUEZON CITY, (PIA) — The Bangko Sentral ng Pilipinas (BSP) warns the public to be more vigilant against scams using artificial intelligence (AI) to create or manipulate fake videos and audios.

In an advisory, BSP said that perpetrators post AI-manipulated content on social media to spread false information about organizations, officials, and persons including the central bank and its personnel.

In line with this, the BSP clarifies that Governor Eli M. Remolona, Jr. does not endorse the alleged cryptocurrency project “Tesler Code” or any other cryptocurrency investment.

The central bank said that the act of misinterpreting the BSP or any of its offices or units is punishable under the law.

BSP urges the public to remain vigilant and to refrain from providing personal information to unverified or suspicious entities.

Likewise, the public is encouraged to verify the authenticity of messages from supposed BSP officers or representatives.

Suspicious activities can be reported through the following BSP contact details:

Telephone No. (+632) 8811-1277 or 8811-1BSP, Email at [email protected]

The public may also visit the BSP website at www.bsp.gov.ph or Facebook page https://www.facebook.com/BangkoSentralngPilipinas for more information. (JEG/PIA-NCR)

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