Russian hardware wallet sales more than double
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- Hardware wallet sales in Russia have more than doubled ahead of new crypto rules, according to a report.
- The report said demand increased as investors prepared for possible regulatory changes.
- The rise suggests more users are moving crypto into self-custody wallets.
Hardware wallet sales in Russia have more than doubled ahead of proposed crypto regulation, according to a report.
The report said demand increased as investors prepared for possible changes to crypto rules.
Retailers reported stronger sales of hardware wallets during recent months, according to the report.
The report said many buyers are moving crypto into self-custody wallets instead of keeping assets on exchanges.
Russia has been developing new rules for cryptocurrency trading, taxation, and digital asset oversight.
The report said uncertainty around the new regulations may have encouraged more users to buy hardware wallets.
The report said future wallet demand could depend on how Russia’s crypto rules are finalised and implemented.
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