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BNM adds LaVida Coins to financial consumer alert list
Last update: 29/08/2018

KUALA LUMPUR, Aug 29 (Bernama) -- Bank Negara Malaysia (BNM) has listed VI Profit Galaxy (DSV Cryptoclub & LUX Galaxies, the operator of cryptocurrency called LaVida Coin in its financial consumer alert list.

The list consists of companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by BNM.

“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.

-- BERNAMA

 


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Source: Bank Negara Malaysia

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