Malaysia’s SC to Review LaVida Coin for Securities Law Breach

[kreslik.news]

The Securities Commission of Malaysia (SC) has announced today that it is reviewing LaVida Coin, a newly launched cryptocurrency, to establish whether there has been a breach of securities law. According to a statement published on its website, the SC has received a number of queries on the whitepaper for the offering of the cryptocurrency.

The cryptocurrency is offered by Datuk Seri Dr Hasmida Othman, who is better known by her celebrity name, Datuk Seri Vida, the Utusan Malaysia, a Malay-language newspaper,reported last week. The whitepaper, which has been offered to citizens of Malaysia, claims that LaVida ... (read more)