specifies the standard action whereby all parties suffering damage from wrongdoings of the same facts and legal issues become members of a class action automatically except for those who choose to opt out

Cryptocurrency is a financial innovation that is exposed to high volatility. Investment in this digital asset thus requires knowledge and understanding and a risk profile that is not so sensitive to investment loss. The SEC is therefore proposing to specify the qualifications of cryptocurrency investors to ensure proper investor protection mechanism in consistent with the level of risk related to the product.   In essence, the public consultation is on the proposed qualifications of cr...

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