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Russia’s hardware wallet demand doubles ahead of new crypto rules
Demand for hardware wallets in Russia has doubled ahead of new cryptocurrency regulations set to take effect on September 1, 2024. Retailers M.Video and Wildberries reported significant increases in unit sales, with customers opting for more affordable models. The new framework will restrict crypto transactions to regulated entities and limit retail investor purchases, driving demand for non-custodial wallets to store private keys outside these channels.
