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Weritas Council Limited

BVI Legal Opinion Summary

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Counsel: Harneys, Road Town, BVI · January 29, 2026

Legal Opinion Summary

This document provides a summary of the legal opinion issued by Harneys LLP regarding the regulatory classification of the $WRTH token under the laws of the British Virgin Islands.

I. Opinion Conclusion

Harneys LLP has concluded that $WRTH, as currently structured and marketed, does NOT constitute a "security" under the BVI FSC framework, provided that:

  • Utility Framing: $WRTH is offered and described as a consumptive digital utility tool, not an investment contract.
  • Marketing Compliance: Marketing and documentation do not promise or imply profit or appreciation expectations.
  • Operational Consistency: Weritas Council Ltd. maintains the described allocation and vesting schedule.
  • Protocol Accessibility: The protocol remains operational and accessible to $WRTH holders.

II. Opinion Scope & Limitations

This opinion addresses BVI law only and does not constitute legal advice regarding:

  • Regulatory classification in other jurisdictions (e.g., US, Canada, EU).
  • Tax treatment of $WRTH ownership or transfer.
  • Securities law compliance in Canada (CIRO/CSA), US (SEC/CFTC), or EU (MiCA).
  • Secondary market trading or exchange listing compliance.

III. Assumptions

This opinion assumes that facts as represented by Weritas Council Ltd. are accurate and complete. If material facts change (marketing language, allocation structure, operational capability), the opinion may no longer apply.

Full Legal Opinion

The full legal opinion is available to accredited investors upon request. To request a copy, please contact our legal department.

legal@weritas.io