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SC in midst of reviewing Lavidacoin
Published on: Tuesday, August 28, 2018

Kuala Lumpur: The Securities Commission Malaysia (SC) is in the midst of reviewing all available information on Lavidacoin to determine any breach of securities laws.

In a statement, the SC said it had received queries on the issuance of a whitepaper for the offering of Lavidacoin to members of the public.

"The whitepaper claims that Lavidacoin is offered as a private funding initiative to raise development capital / funds for three projects. It also claims that it is only through crowdfunding that such a diverse range of projects can meet development funding needs.

"The SC advises investors to exercise due diligence and be cautious of the risks of participating in any investment schemes, in particular those involving cryptocurrencies and digital tokens," it added. – Bernama

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