News
Public · Published
Russia Hardware Wallet Sales More Than Double Ahead of New Crypto Rules
Electronics retailer M. Video said sales of its hardware‑wallet unit on its marketplace rose 107% in the second quarter of 2026 compared with the first quarter, while total category turnover increased 92% over the same period.
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What happened
Electronics retailer M. Video said sales of its hardware‑wallet unit on its marketplace rose 107% in the second quarter of 2026 compared with the first quarter, while total category turnover increased 92% over the same period.
Confirmed
Global impact / market context
The jump indicates strong consumer demand for self‑custody crypto tools as Russia prepares new crypto rules, meaning users may be seeking safer ways to store digital assets before regulations take effect.
Analyst inference
Russia is expected to tighten crypto regulations, which could limit exchange activity and push more users toward offline storage solutions like hardware wallets, reshaping how crypto is held domestically.
Analyst inference
What to watch
- Official release of Russia’s new crypto regulations, which will show how hardware wallets are treated under the law. Proposed
- M. Video’s next quarterly hardware‑wallet sales figures to see if the growth trend continues. Proposed
- Adoption rates of hardware wallets among Russian crypto users, affecting demand for related manufacturing and distribution. Proposed