Lavida Coin: New trend or “OBSESSION” of Bloggers in the Market.
Many bloggers in Malaysia keep on writing about Lavida coin, unaware of cryptocurrency and its technology, Many bloggers still think Lavida coin is an ICO, Lavida coin community wants to inform them once again, its NOT an ICO, once again repeating, it’s NOT an ICO, it’s a COIN. Better they get consultant from any ICO developer or Coin developer to get more sound knowledge on cryptocurrencies.
In the Month of March, Malaysian Regulators says, Bitcoin and all cryptocurrencies are NOT legal, any form of fiat currency to cryptocurrency exchange is not legal. After that exchanges that are running in Malaysia, introduced KYC option in their exchange as to do. It means for all Banks in Malaysia, Cryptocurrency trade with Fiat currency is illegal.
The policy document states that Malaysian cryptocurrency exchanges “are required to conduct customer due diligence on all customers and the persons conducting the transaction when the reporting institution establishes business relationship with customer and when the reporting institutions have any suspicion of money laundering or terrorism financing.”
The regulations mandate that Malaysian virtual currency exchanges collect the full name, address, and date of birth of all customers, in addition to ID documentation. The policy document also states that “any person offering services to exchange digital currencies either from or to fiat money, or from or to another digital currency is subject to obligations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001″.
Lavida Coin DON’T have any trading option of “fiat currency trade with cryptocurrency”, Lavida coin is simply like bitcoin and altcoins in the market, which is purchased using bitcoin and altcoins.
Once again Community of Lavida coin, there is nothing to panic about the bloggers article against LAVIDA COIN., it’s not an ICO, it’s a COIN, which is soon going to be listed in an external exchange where it can be traded with other altcoins in the market. After that it will be listed in coinmarketcap.
Happy Trading
Lavida Coin
