Security Commission scrutinizes LaVida coin cryptocurrency — Datuk Seri Vida’s company put on financial consumer alert list

Datuk Seri Vida, the cosmetics mogul, has revealed plans to introduce a cryptocurrency called LaVida coin. And Bank Negara Malaysia (BNM) has listed VI Profit Galaxy (DSV Cryptoclub & LUX Galaxies) under its financial consumer alert list.

The Securities Commission Malaysia (SC) is currently reviewing all information available regarding the newly minted LaVida coin cryptocurrency for any breaches of securities law. According to Datuk Seri Vida, she will be creating the cryptocurrency with a team of professionals.

The eccentric tycoon who owns a successful business in the cosmetics industry has been called out for marketing products with unsafe levels of mercury. Therefore her integrity is indeed rather questionable.

What do you think? Would you be investing in LaVida coin?

Source: The Star

Pokdepinion: I would never trust my money with someone who can risk the public’s health by selling products of questionable safety.