Yandex, Russia’s largest search engine, has updated its currency converter to add crypto currencies. The widget now shows rates for these coins in many fiat currencies and will introduce crypto-to-crypto pairs in the future.
Yandex Integrates Major Cryptocurrencies into Currency Converter
Users of Yandex, Russia’s leading search engine, can see information on over 140 of the most popular cryptocurrencies in addition to data on various national currencies. Cryptocurrency rates have been added to the latest version of its currency converter, the company says.
A widget with price charts and a quick conversion tool is placed just above the search results, Russia’s Rb.ru news reported, citing Yandex. The software recognizes standard keywords as well as slang and incorrect language in the query.
The value of coins and tokens of interest can be displayed in Russian rubles, US dollars, euros, and other fiat currencies. More pairs will be added in the future. An option to check the price of a given digital asset in another cryptocurrency will also be added.
Yandex obtainsmarket datafrom Coingecko, one of the largest aggregation portals in the crypto space, the report noted. According to the Russian search engine’s own statistics, Bitcoin, Ethereum, Litecoin, Dogcoin, and Solana are the most popular cryptos by number of search queries in 2022.
Global online platforms support similar features, but access to some of them is restricted for Russians; as RBC Crypto points out, the ability to track cryptocurrency prices was launched by Twitter last December but the social media platform is blocked in Russia.
Russia’s law “on digital financial assets” came into effect in January 2021, but the government has yet to properly regulate transactions in decentralized cryptocurrencies like Bitcoin. According to statements by officials, this should happen in 2023.
A bill designed to legalize crypto mining was submitted to the Russian parliament in November 2022. The bill also aims to regulate the exchange of cryptocurrencies mined on foreign trading platforms and under Russia’s special legal regime.
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