Daily positive and negative news updates for the crypto community (B-circle)

Positive News 1. Kazakhstan has become the world’s second-largest cryptocurrency mining country. 2. TripleA has obtained a cryptocurrency payment services license from the Monetary Authority of Singapore (MAS). 3. KellyETFs has filed an application with the U.S. Securities and Exchange Commission (SEC) for an Ethereum futures ETF. 4. After stepping down from Twitter, Jack Dorsey expressed his desire to focus on cryptocurrency and charitable work. 5. Italian luxury yacht brand VIANNE will accept cryptocurrency payments. 6. A financial magazine reported that CZ Zhao, founder of Binance, has become the wealthiest ethnic Chinese individual and ranked among the world’s top billionaires. Negative News 1. Deputy Governor of Bank Indonesia: Hopes to use central bank digital currency (CBDC) to “counter” cryptocurrencies. 2. Indian Finance Minister: No proposal has been put forward to recognize Bitcoin as legal tender. Wutong Business School — November 30, 2021 We welcome discussion and exchange! Disclaimer: This is not an analysis or endorsement by a licensed cryptocurrency platform. All content above is compiled by an individual through various channels and is intended solely for reference, learning, and educational purposes—not as professional financial, investment, or trading advice. For investment recommendations, please consult qualified financial analysts and independently assess risk-return profiles. All decisions are ultimately the sole responsibility of the reader. Protect yourself—and protect the crypto community (B-circle).

BVI company director names—available for just $75! But beneficial ownership information is far less accessible.

Many families establishing BVI holding structures traditionally appoint family members as directors of their BVI companies. Historically, such director information was difficult for outsiders to obtain; however, since January 1, 2023, third parties may apply—upon payment of USD $75 and providing either the BVI company’s name or registration number—to retrieve the names of its current directors. A common and easily overlooked misconception exists here: obtaining director names ≠ accessing shareholder information, and certainly does not equate to obtaining beneficial ownership data. BVI operates two independent disclosure regimes: the publicly accessible director register system, and the ‘legitimate interest’ beneficial ownership inquiry regime—which officially launched on April 1, 2026. These are entirely separate regulatory frameworks, yet many offshore structure holders mistakenly conflate them. The BVI Business Companies (Amendment) Act, 2022 established the statutory framework permitting external access to director lists upon application. BVI companies are legally required to file and continuously update their director registers; however, the accuracy and timeliness of such filings ultimately depend on records held by the BVI Registrar of Corporate Affairs and verification by the registered agent. What company information is publicly available? The British Virgin Islands Financial Services Commission (FSC) provides an online public search portal. Searches can only be conducted using a company’s name or registration number—not by an individual’s name to identify all BVI companies where that person serves as director. Company search reports and documents incur prescribed fees; the statutory fee for obtaining the list of current directors is USD $75. • Company Search Report: Includes company name, registration number, company type, date of incorporation, status, registered agent, registered office address, share capital information, name change history, and filing records—subject to applicable search fees. • Memorandum and Articles of Association and other archival documents: Available upon application per document category, subject to corresponding fees. • List of Current Directors: Available per company application; statutory fee is USD $75. • Other personal details of directors: The publicly retrievable director list generally excludes full particulars such as date of birth, nationality, and residential address. If a company voluntarily submits its complete director register for public filing, such details must be verified separately. • Shareholder Register: Typically not publicly accessible. Only those shareholder registers voluntarily submitted for public filing may be retrieved via the search report or by applying for copies. • Beneficial Ownership Information: Not unconditionally disclosed to the general public. Limited data may be accessed only by applicants who satisfy the ‘legitimate interest’ criteria and follow prescribed procedures. • Annual Financial Return Forms: Not part of standard publicly searchable records. Companies subject to filing obligations generally submit these directly to their registered agents. ✅ Important Reminder: Being listed as a BVI director does NOT constitute proof of shareholding or control. A person’s registration as a BVI director merely reflects their appointment—it cannot, by itself, be used to infer share ownership, corporate control, or beneficial ownership status. How to access beneficial ownership information: The BVI’s ‘legitimate interest’ beneficial ownership inquiry regime officially commenced on April 1, 2026. Applicants must demonstrate that their inquiry purpose relates to the investigation, prevention, or detection of money laundering, terrorist financing, or proliferation financing. Additionally, inquiries connected to relevant criminal convictions or litigation proceedings—or those undertaken by regulated entities fulfilling customer due diligence obligations—are also considered lawful pathways. Journalists, researchers, or civil society organizations are not automatically excluded; however, purely journalistic research rarely meets the ‘legitimate interest’ threshold in practice and is seldom approved. General commercial investigations—or speculative inquiries initiated solely due to private disputes—do not inherently qualify as ‘legitimate interest’.