According to the latest crypto ownership data, there are more than 560 million crypto owners around the world in 2024. Crypto wallets are an important part of owning cryptocurrency, and unlike an actual wallet, they don’t hold the crypto itself; rather, they hold a private key that provides ownership of the digital asset. The private key or the password gives users a chance to send and receive cryptocurrencies in a protected and secure way.
Trust Wallet is one of the most prominent crypto wallets in the space with over 200 million users worldwide. In conversation with Eowyn Chen, the CEO of Trust Wallet, we dive deep into the ideal approach to balance innovation with regular compliance, global crypto regulations, and future developments in the space:
1. According to you, what is the ideal approach to balance innovation with regulatory compliance in a space where regulations are still being developed?
The best approach is to innovate responsibly while keeping user protection at the core. In crypto, regulation is uneven and still forming, but that doesn’t mean builders can ignore its direction. A healthy balance comes from proactive transparency, self-regulatory standards, and close dialogue with policymakers.
For us, it means designing products that empower users through self-custody, security, and clarity, with values that align with long-term regulatory objectives like consumer protection and financial inclusion. When innovation is paired with these principles, it can move faster without creating unnecessary risk.
2. What are some of the misunderstood aspects of cryptocurrency or blockchain technology among those outside the space that you have most commonly come across?
The biggest misunderstanding is that crypto is purely speculative. While speculation has been a visible use case, the underlying technology is about building open, borderless infrastructure for value exchange and ownership.
Another misconception is that self-custody is too difficult to use day-to-day. In reality, wallets are evolving quickly — making managing assets and exploring Web3 feel closer to a familiar Web2 experience, while still granting users full ownership. Finally, blockchain often gets painted as unsafe becaus
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Author: AMBCrypto Team
