62% Say Crypto Fraud Is Unacceptably High, With Trust Now The Industry’s Top Priority, Finds CoinCover Report

  • Cryptocurrencies
  • 27.06.2025 02:15 pm

As the crypto industry stands at a crossroads between mass adoption and increased scrutiny, CoinCover, a leading provider of digital asset protection, has launched its new whitepaper titled ‘The Trust Factor,’ which uncovers the urgent public demand for smarter and stronger cryptocurrency regulation.

Amongst market volatility, high-profile collapses and renewed attention from global regulators, the whitepaper explores a timely and critical question, what will it take for trust to become crypto’s most valuable currency?

Based on a proprietary survey of 1,013 participants, 71% of whom have current or past crypto holdings, The Trust Factor reveals a growing consensus that regulatory clarity and investor protection are no longer optional, and are in fact essential to the industry's future.

Key findings from the survey include:

  • 62% believe current levels of crypto-related fraud are unacceptably high and must be reduced.

  • 79% support mandatory compensation schemes for crypto platforms to cover investor losses from hacks and technical failures.

  • 53% emphasise an urgent need for solutions addressing inaccessible crypto assets due to lost wallet access or forgotten passwords.

  • 67% would be more inclined to invest in cryptocurrencies if regulations mirrored traditional asset classes.

  • 82% advocate for a global regulatory framework to provide consistent oversight within the crypto industry.

Anthony Yeung, CCO of CoinCover, commented, “As our research shows, the public is ready for crypto but only if it becomes safer, more transparent and more accountable. This isn’t just a call for regulation, it’s a call for progress and for frameworks that meet the unique demands of digital assets without stifling innovation.”

CoinCover’s whitepaper also presents valuable insights from influential pioneers and innovators in the cryptocurrency space, including:

  • Lucia Slater, Director at Web3 Policy Space

  • Dima Kats, CEO of Clear Junction

  • Anastasija Plotnikova, CEO and Co-founder of Fideum Group

  • Eneko Knorr, Co-Founder and CEO of Stabolut

  • David Janczewski, Founder of CoinCover

  • Leïla Nassiri-Jamet, Fractional General Counsel

  • Andy van Susteren - VP of Sales at MangoPay

  • Mark Walker - CEO and Editorial Director at the Fintech Times

While views on how to regulate vary, contributors agree on one thing: that without stronger protections, the industry risks losing the very trust it needs to grow.

The Trust Factor marks a moment in the conversations around crypto’s future. As regulatory frameworks evolve and investor expectations shift, CoinCover will continue to lead research and dialogues that champion safety and clarity across the digital asset ecosystem. The whitepaper is the first in a series of initiatives designed to inform policymakers and guide best practices, empowering people to participate in crypto with greater confidence.

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