SC tells Lavidacoin promoters to cease activities


In a statement issued yesterday, the SC said the Cabinet Special Committee on Anti-Corruption (JKKMAR) had approved its recommendation to require listed companies to put in place anti-corruption measures and a framework to promote the effective discharge of directors

PETALING JAYA: The Securities Commission (SC) has issued a notice directing the promoters of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC.

In a statement, the SC said DSV Crypto Club, LUX Galaxies and VI Profit Galaxy – who were found to be promoting Lavidacoin – were also added to the SC’s Investor Alert List at www.sc.com.my.

“Investors are reminded to be cautious and exercise due diligence before participating in any investment schemes, in particular those involving cryptocurrencies and digital tokens,” the commission said.

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Business , Securities , Commission , Lavidacoin

   

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