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In Russia, the monthly demand for crypto wallets has increased five times

Aroged by Aroged
July 5, 2022
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In Russia, the monthly demand for crypto wallets has increased five times
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Russians have a growing interest in hardware wallets for transactions with cryptocurrencies and tokens. And the average monthly demand has already been recorded more than five times compared to 2021. This information was shared by representatives “M.Video-Eldorado” in a press release.

According to the press service, over the six months of this year, sales of crypto wallets increased eight times, similar to the same period last year. Moreover, the peak of sales was in March, when “more affordable products Tangem“. Currently, demand continues to grow, but not so actively – in the second quarter it grew by a quarter.

At the beginning of June Central Bank of Russia allowed the use of cryptocurrencies outside the country and in foreign trade. However, the first chairman of the Central Bank of Russia clarified that the department still holds the opinion that the active use of cryptocurrencies within the country, especially in the financial system of the Russian Federation, creates great risks for citizens and users. Recall that in February the head of the Ministry of Finance of the Russian Federation Anton Siluanov said that it is not worth banning mining, and his department is working to legalize this market. However, the Central Bank of Russia does not agree with the Ministry of Finance and believes that a ban on the use of cryptocurrency should be introduced in the country. Also, the Ministry of Finance of Russia has prepared a draft law on the regulation of cryptocurrencies. The document contains a list of requirements for those wishing to work with cryptocurrencies and options for their legalization.

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Tags: CryptodemandincreasedmonthlyRussiatimeswallets

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