SC orders immediate stop to all Lavidacoin promotions


  • Nation
  • Wednesday, 05 Sep 2018

PETALING JAYA: The Securities Commission Malaysia (SC) has ordered an immediate stop to all promotional activities on the newly-launched Lavidacoin cryptocurrency, pending further review.

In a statement on Wednesday (Sept 5), the SC identified DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, as among the business entities promoting Lavidacoin.

According to the SC, the three companies had been added to its 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," it said in the statement.

Lavidacoin is the brainchild of millionaire cosmetics entrepreneur Datuk Seri Dr Hasmida Othman (pic), better known as Dr Vida.

Last month, Bank Negara Malaysia also listed the three same business entities, DSV Crypto Club, LUX Galaxies and VI Profit Galaxy, under its financial consumer alert list.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Nation

Melaka polls: Bersih chief calls for accountability and balance
Anwar wants debate on sale of Petronas stake in Azerbaijan for over RM9b
Soldier and trader charged with murdering army retiree
Cops issue RM260,000 worth of compound notices to entertainment centre owner, customers
High Court sets aside Mat Sabu's son's drug conviction
High Court's decision to quash children's conversion to Islam upheld
Khairy unanimously elected vice-president of World Health Assembly 2022
Nancy Shukri: We hope to fully reopen to international tourists by December
Cat scam: Pre-school teacher loses almost RM70,000
It breaks my heart, says Dr Wee in extending condolences to newly-wed who lost wife

Others Also Read


Vouchers