Definition ∞ Digital wallet providers are entities that offer services for storing, managing, and transacting with digital assets. These providers supply software or hardware solutions that enable users to access their cryptocurrency and token holdings. They play a critical role in facilitating user interaction with blockchain networks and decentralized applications.
Context ∞ The security and functionality of digital wallet providers are constant topics in crypto news, especially concerning user experience and asset protection. Regulatory discussions frequently address the responsibilities of these providers, particularly regarding know-your-customer (KYC) and anti-money laundering (AML) compliance. The evolution of wallet technology, including self-custodial and institutional solutions, remains a significant area of development.
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