The Bangko Sentral ng Pilipinas (BSP) on Friday denied that Governor Eli Remolona Jr. endorsed a cryptocurrency investment.
It said in a statement that Remolona “does not endorse the alleged cryptocurrency project ‘Tesler Code’ or any other cryptocurrency investment.”
The BSP also asked the public to be more vigilant against scams because the use of artificial intelligence (AI) to create or manipulate fake videos and audios make them appear more believable.
Perpetrators of these fraudulent activities post AI-manipulated content on social media to spread false information about organizations, officials, and persons, including the central bank and its personnel,” it said.
The BSP said any act of misrepresenting the bank regulator or any of its officers or units is punishable under the law.
“To guard against this scam and other similar schemes, the BSP urges the public to remain vigilant and to refrain from providing personal information to unverified or suspicious entities,” it said.
“The public is also encouraged to verify the authenticity of messages from supposed BSP officers or representatives, and to report suspicious activities,” the BSP said.
