Controversial Datuk Vida launches own cryptocurrency called Lavida Coin

A controversial Malaysian socialite, known for her excesses and recent wrangles with the tax authorities in the country – is launching her own cryptocurrency called Lavida Coin.

Datuk Seri Vida – her real name is Datuk Seri Dr Hasmida Othman – said she came up with the idea after gaining a healthy profit from her investments in cryptocurrencies two years ago.

Said to be a from rags to riches story Malaysian-style, the Cosmetics queen said she expected the value of the Lavida Coin to increase by the end of the year.

After her success with cryptocurrency, she then decided to create the Lavida Coin with services from a professional team, she said.

Datuk Vida, who runs the popular Vida Beauty business said she is not starting Lavida Coin to cheat or involve in ‘haram’ money.

Malaysia has not decided whether it will declare Bitcoin and cryptocurrencies ‘haram’ or ‘halal’, but Vida said this was one way she intends to help Malaysians in…