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🇷🇺 ADOPTION: Russians are rushing to cold wallets as hardware sales jump 107% ahead of Putin's crypto law.
Russians are rapidly moving crypto into cold wallets, and sales of hardware wallet devices have risen 107% as the country prepares for a new crypto law proposed by President Putin.
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What happened
Russians are rapidly moving crypto into cold wallets, and sales of hardware wallet devices have risen 107% as the country prepares for a new crypto law proposed by President Putin.
Confirmed
Global impact / market context
The surge shows users fear the upcoming law will restrict crypto activity, prompting them to store assets offline for safety, which could reduce on‑chain activity and shift demand toward secure storage solutions.
Analyst inference
Globally, regulators are tightening crypto rules, and Russia’s pending legislation mirrors this trend, potentially influencing other jurisdictions to adopt similar restrictions and affecting overall market sentiment.
Analyst inference
What to watch
- The exact date and detailed provisions of Putin’s crypto law, which will clarify how quickly Russian users must secure their holdings in offline wallets. Proposed
- Whether Russian hardware wallet sales continue to grow beyond the initial 107% jump, indicating sustained demand for cold‑storage solutions. Analyst inference
- Further percentage changes in Russian hardware wallet sales over the next weeks, showing if the rush to cold storage intensifies or eases. Analyst inference