Digicoin Markets

October 21, 2021 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT SEC ADVISORY Based on information gathered by the Commission, a number of individuals or group of persons are enticing the public to invest their money in DIGICOIN MARKETS or DIGICOIN MARKETS INTERNATIONAL PH . According to its website it offers different investment plans ( i.e. , Standard, Medium and Professional) that an investor can choose from. It entices the public to invest a minimum of $20 or Php1,000.00 to a maximum of $20,000 or Php1,000,000 and promises a passive income of 5%, 6% or 7% daily interest for 30 days or equivalent to a total of 150%, 180%, or 210% return on investment for only 30 days . For its mode of payment scheme, investments shall be deposited/credited to the respective Gcash accounts and Union Bank accounts of Mr. JIM MARK DELOS SANTOS and Mr. RAMIR TULISANA . In addition, it also has a referral program called Affiliate Program where the investor can earn an extra income for their referrals. The public is hereby warned that DIGICOIN MARKETS or DIGICOIN MARKETS INTERNATIONAL PH. is not registered with the Commission either as a corporation or as a partnership. Consequently, DIGICOIN MARKETS or DIGICOIN MARKETS INTERNATIONAL PH is not authorized to solicit investments from the public as it did not secure prior registration and/or license to solicit investments from the Commission as prescribed under Section 8 of the Securities and Exchange Commission. Further, DIGICOIN MARKETS or DIGICOIN MARKETS INTERNATIONAL PH. is also NOT A REGISTERED Virtual Asset Service Provider (VASP) with the Bangko Sentral ng Pilipinas and does not have a corresponding Certificate of Authority as a Money Service Business as required under Circular No. 1108, Series of 2021 or the Guidelines for Virtual Asset Service Providers . Those who act as salesmen, brokers, dealers or agents of the said entity in selling or convincing people to invest in the investment scheme it is being offered including soliciting investments or recruiting investors through the internet may be held criminally liable under Section 28 of the SRC and penalized with a maximum fine of Five Million Pesos (Php5,000,000.00) or imprisonment of Twenty One (21) years or both pursuant to Section 73 of the SRC (SEC vs. Oudine Santos, G.R. No. 195542, 19 March 2014) . Furthermore, the names of all those involved will be reported to the Bureau of Internal Revenue (BIR) so that the appropriate penalties and/or taxes be correspondingly assessed. In view thereof, the public is hereby advised NOT TO INVEST or STOP INVESTING in any investment scheme being offered by any individual or group of persons allegedly for or on behalf DIGICOIN MARKETS or DIGICOIN MARKETS INTERNATIONAL PH. and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it. Should you have any information regarding the operation of the subject entity, please submit your report to the Enforcement and Investor Protection Department at [emailprotected] . For the guidance of the public. Pasay City, October 21, 2021.