SC Issues Notice to Cease All Activities Promoting Lavidacoin
5 September 2018 | Kuala Lumpur
The Securities Commission Malaysia (SC) has issued a notice directing the promoter of Lavidacoin to cease all promotional activities in relation to Lavidacoin with immediate effect, pending further review by the SC into the matter.
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 Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.
