A new US law mandates ByteDance, valued at $270B, to divest TikTok as alternative to banning the app in the United States due to national security concerns, amplifying US-China tech tensions. ByteDance's Douyin dominance in China contrasts TikTok's US influence, highlighting regulatory challenges for global tech giants amid geopolitical rivalries.

With civil penalties of up to $10,000 and criminal penalties of up to two (2) years of imprisonment that may be applied to just about every LLC and Corporation in the United States for non-compliance - these new Beneficial Ownership Information Reporting Requirements (BOIR) in the United States is stirring up quite the discussion.