Post
Topic
Board Project Development
Re: RingWallet - Wearable Hardware Wallet
by
DaveF
on 26/06/2024, 20:59:14 UTC
In any case, as I have promised, I shared with you the US entity and as mentioned before I will continue to share updates here as they happen.
I don't understand why did you have to complicate things with creating separate US entity for Ring wallet.
There are plenty of hardware wallet manufacturers that are based in Europe, some of them are Bitbox from Switzerland, Trezor from Czech Republic, Satochip from Belgium, and Ledger from France (via China).

I guess it might have something to do with the fact that the FBI is going hard on Americans who want to do anything with crypto and he may be trying to play it safe with two business entities.

Although that only started 2 months ago to be fair, so it wouldn't make much sense to me.

Actually it's quite common. There are just things that are easier to do with a US based company if you are foreign. CC processing, dealing with taxes and such, insurance needs if any and so on.

Have dealt with a few foreign entities here in the US over the years I can how this might have helped them.

-Dave