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Russians Rush to Physical Wallets Before New Crypto Rules Take Effect

Russians Rush to Physical Wallets Before New Crypto Rules Take Effect


8h05 ▪
5
min read ▪ by
Ghiles A.

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The demand for cryptocurrency hardware wallets is rising in Russia ahead of new regulations. Russians more than doubled their purchases in the first half of 2026, according to two major retailers. This development comes as Moscow prepares a regulatory framework for digital assets. From September 1st, provisions will regulate exchanges and custodians. In this context, sales of devices designed to store private keys attract attention, despite the lack of precise figures on units sold.

Illustration showing Russians acquiring hardware cryptocurrency wallets ahead of new crypto regulations taking effect.Illustration showing Russians acquiring hardware cryptocurrency wallets ahead of new crypto regulations taking effect.

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