PETALING JAYA, 29 August – Bank Negara Malaysia (BNM) has added the cryptocurrency operator Lavida Coin, VI Profit Galaxy (DSV Cryptoclub and LUX Galaxies), to its list of Alert Consumer Consumer.  The company owned by millionaire cosmetics Datuk Seri Hasmiza Othman, popularly known as Vida, has not been authorized or authorized under the relevant laws and regulations of the central bank
.The non-exhaustive list intends to warn people to undertake any financial activity with companies  Recently, the Securities Commission of Malaysia has announced that it is currently reviewing all the information concerning the cryptocurrency offered by and trying to determine if there has been any violation of the securities laws. The Lavida currency after receiving requests for the issuance of a white paper for the public offering.
Hasmiza launched the coin to the public last Friday and promoted the move as a form of investment and urged people to buy cryptocurrency now as it is cheap.
It is reported that the last known value of a currency unit, or 1 LVC, is now set at $ 0.66 (RM2.71).
In addition to being an investment, it will also be used as a platform for the cosmetics queen's e-wallet service, LavidaPay.