Definition ∞ Wallet providers are entities that offer services for storing, sending, and receiving digital assets. These services can range from custodial solutions, where the provider holds the private keys, to non-custodial options that allow users full control over their assets. They are essential for interacting with blockchain networks.
Context ∞ The regulatory landscape for wallet providers is evolving, with some jurisdictions considering them as financial service providers subject to specific licensing and compliance rules. News often discusses new security features, interoperability improvements, or regulatory actions impacting various wallet services. The distinction between custodial and non-custodial offerings is a key point of discussion regarding user responsibility and regulatory oversight.
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