Russia Hardware Wallet Sales Double as New Crypto Rules Near
- Russian hardware wallet unit sales jumped 107% quarter over quarter.
- New crypto rules take effect on September 1, 2026.
- Retail investors face a โฝ300,000 annual purchase limit per intermediary.
- Self-custody remains available, but regulated crypto activity will face tighter oversight.
Russian demand for hardware cryptocurrency wallets has more than doubled ahead of sweeping new rules that will bring domestic crypto trading under tighter state supervision from September 1. According to Hi-Tech Mail Electronics retailer M.Video said unit sales rose 107% in the second quarter compared with the first, while turnover increased 92%, suggesting more investors are moving toward self-custody as Russia formalizes how cryptocurrencies can be bought, sold and transferred.
Hardware wallet sales jump 107% in one quarter
The increase is unusually sharp for a specialist consumer electronics category.
M.Video reported that hardware wallet sales on its marketplace rose 107% in units during Q2 2026 compared with Q1, while revenue from the category increased 92% over the same period. CoinDesk also reported that demand across major Russian retailers more than doubled during the first half of the year as the regulatory deadline approached.
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