CoinDesk reports that hardware wallet sales in Russia have more than doubled as new cryptocurrency regulations approach. According to data from major retailers, Wildberries' average hardware wallet price dropped 13% to 7,900 rubles while M.Video expanded its product selection, though neither retailer attributed the surge in demand to any specific factor.
Rising self-custody demand ahead of regulation is a familiar pattern: when users expect tighter rules, they move funds off platforms they can't fully control. If you build custodial or on-ramp products in affected markets, watch for withdrawal spikes and plan support load around them. For self-custody and wallet-integration builders, this is a reminder that regulatory uncertainty tends to push users toward keys they hold themselves.
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