“LexisNexis
LexisNexis Risk 2025
LexisNexis Risk 2025
Close Menu
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Submit Vacancy
    • Webinar Inquiry APAC
    • Fintech Startups in Malaysia
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit
      • Submit Fintech Startup
      • Submit Press Release
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    LinkedIn Facebook X (Twitter) YouTube RSS
    Free Newsletter
    • Blockchain
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    • Jobs
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    Home»Blockchain/Bitcoin»LaVida Coin Ordered to Cease Activities by Securities Commission
    Blockchain/Bitcoin

    LaVida Coin Ordered to Cease Activities by Securities Commission

    Fintech News MalaysiaFintech News MalaysiaSeptember 5, 20181 Min Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    Dato Seri Vida La Vida Coin
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    The Securities Commission Malaysia (SC) has issued a notice for Dato’ Vida’s LaVida Coin to cease all promotional activities with immediate effect. This news follows the regulator’s previous announcement that it was reviewing LaVida Coin for possible breach of securities law.

    In a move to warn the general public on investing in unauthorised operators, the regulator has also added DSV Crypto Club, LUX Galaxies and VI Profit Galaxy to the SC’s Investor alert list, citing that they were found to be promoting LaVida Coin. Similarly Bank Negara Malaysia has also the same companies in its consumer watchlist.

    The ICO has initially planned to raise RM 1.5 billion, which it plans to spend on the following three areas; an entrepreneur-focused online entertainment channel ($1 billion), development of a LavidaPay payment gateway ($100 million), construction of a mosque, described as non-profit ($400 million).

    On top of warnings from the regulators, the Fintech News Malaysia team has also looked into the project and observed several red flags that the public should be aware of.

    Image Credit: Rakyat Post

    Bank Negara Malaysia (BNM) lavida coin Securities Commission Malaysia (SC)
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Fintech News Malaysia
    • Facebook
    • X (Twitter)

    Related Posts

    Cosmos (ATOM) Now Available for Staking on Luno Malaysia

    May 19, 2025

    Are Malaysia Digital Investment Platforms Living Up to Expectations?

    May 15, 2025

    SC Malaysia Signs IOSCO Pact to Strengthen Cross-Border Enforcement

    May 15, 2025

    CoKeeps and Maybank Trustees to Explore Blockchain-Based Asset Management

    May 14, 2025

    SC Malaysia Launches Consultation on Tokenised Capital Market Products

    May 6, 2025

    BNM Appoints Two New Members to Shariah Advisory Council

    April 29, 2025

    Collaboration Is Key to Institutional Crypto Success in Malaysia

    April 29, 2025

    Luno Adds SC-Approved Coins Algorand and NEAR to Platform

    April 25, 2025
    SecuritySponsored

    When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

    Sponsor: sumsubApril 9, 2025
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • Twitter
    • YouTube
    Featured Whitepaper

    Featured Reports

    Sumsub Identity Fraud Report 2024-2025

    Financial Crime Landscape in Malaysia Q4 2024

    Featured Award

    FF50 Banner Nomination

    Featured Fintech Events

    LexisNexis Malaysia Event

     ITC Asia 2025

    Sumsub Fraud Summit 2025

    Featured Fintech Video

    The Future of Islamic Digital Banking

    Webinar Replay

    Cracking the Code of Asia's Banking Trends in 2025 and Beyond-Temenos

    Upcoming Fintech Events
    Risk Ready 2025
    May 29, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    OceanBase INFINITY CxO Special | Malaysia Edition
    June 18, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    ITC Asia 2025
    June 3, 2025
    -
    June 5, 2025
    Singapore
    Fintech Revolution Summit 2025
    July 23, 2025
    Malaysia
    -
    Kuala Lumpur
    What the Fraud Summit
    November 19, 2025
    -
    November 20, 2025
    Singapore
    View More
    Promote Event
    Fintech Jobs
    Product Manager, Cards (Credit and Debit)
    Petaling Jaya, Full-time, On-site
    GXBank
    View
    Compliance and Risk Manager
    Petaling Jaya, Full-time, Hybrid
    CapBay
    View
    Account Manager
    Kuala Lumpur, Full-time
    Atome
    View
    Transaction Monitoring Specialis
    Kuala Lumpur, Full-time, On-site
    dtcpay
    View
    Channel Partnership Manager
    Kuala Lumpur, Full-time
    Curlec by Razorpay
    View
    View More
    Add Vacancy
    Malaysia Fintech Report 2024

    MY Fintech Map 2024

    Singapore Fintech Report 2024

    Singapore Fintech Report 2024

    Philippines Fintech Report 2024

    PH report 2024

    UAE Fintech Report 2024

    UAE Fintech Map 2024


    Whitepapers & E-Books
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Tookitaki
    Report - APAC Identity Fraud Report 2024/2025
    Report - APAC Identity Fraud Report 2024/2025
    Sumsub
     Permissionless Blockchain in Financial Services
    Permissionless Blockchain in Financial Services
    Zühlke
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Luno


    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Thailand
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    © 2015 - 2025 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.