Yandex Adds Cryptocurrencies to its Converter
The most popular search engine in Russia, Yandex, has updated its currency converter to include cryptocurrency. The widget currently displays the prices of these coins in various fiat currencies; in the future, it will also display the prices of crypto-to-crypto pairs.
Users of Yandex, the top search engine in Russia, can view data for over 140 of the most popular cryptocurrencies in addition to data for different nations' national currencies. The company reported that the most recent version of its currency converter now includes the crypto rates. According to Yandex, the widget, which includes a price chart and a quick conversion tool, is placed directly above the search results. Standard keywords, even slang or imprecise language, are recognized by the software in the query.
It is possible to see the value of the desired coins and tokens in Russian rubles, US dollars, euros, and other fiat currencies.
Future updates will include the addition of more pairs as well as the choice to view a given digital asset's price in a different cryptocurrency. According to the report, Yandex obtains market data from Coingecko, one of the biggest aggregation portals in the cryptocurrency industry. According to statistics from the Russian search engine, the top five cryptocurrencies in search volume in 2022 were bitcoin, Ethereum, Litecoin, Dogecoin, and Solana.
International online platforms support similar functions, but Russian access to some of them has been restricted. For example, according to RBC Crypto, Twitter launched a feature in December last year that allowed users to track cryptocurrency prices, but the social media site is blocked in Russia. In Russia, a law, “On Digital Financial Assets,” came into effect in January 2021, but the administration has yet to control the exchange of decentralized cryptocurrencies like bitcoin effectively.
Official statements indicate that this should occur in 2023. In November 2022, a bill intended to legalize cryptocurrency mining was presented to the Russian parliament. The legislation aims to control the trading of cryptocurrencies that have been mined on trading platforms abroad or in Russia under particular legal frameworks.
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