Bank Negara puts LaVida coin on consumer alert list

KUALA LUMPUR: Bank Negara Malaysia (BNM) has listed VI Profit Galaxy (DSV Cryptoclub & LUX Galaxies), the operator behind LaVida coin in its financial consumer alert list.

“Please take note that the list is not exhaustive and only serves as a guide to members of the public based on information and queries received by BNM,” it said on its website.

The latest list consists of 423 companies.

On Monday, the Securities Commission Malaysia (SC) said that it was in the midst of reviewing all available information in relation to a newly-launched cryptocurrency known as LaVida coin to determine whether there had been any breach of securities laws.

It was reported last week  businesswomen Datuk Seri Hasmida Othman, also known as Datuk Seri Vida, was planning to launch a cryptocurrency called LaVida coin.



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