Russian hardware wallet sales double ahead of new crypto rules

Sales of hardware wallets in Russia have more than doubled recently. This spike in interest comes as the country moves closer to finalizing new legislation for the digital asset sector. Investors appear to be prioritizing security and self custody as they anticipate the upcoming shifts in the local crypto landscape.

Market data shows that major retailers are reacting to this trend. Online marketplace Wildberries reported a price drop of 13 percent for these devices, bringing the average cost to 7,900 rubles. Meanwhile, electronics store M.Video is expanding its current selection of security products to keep up with the busy customer base.

These retail movements suggest that users are bracing for changes in how they hold their digital assets. While the companies have not stated a specific reason for the rise in sales, the trend aligns with a wider push for better asset protection before potential new oversight begins. Traders should monitor how these regulatory updates affect the ability to manage personal wallets moving forward.