Russia’s Yandex Search Engine Adds Cryptocurrencies to Its Converter – Bitcoin News

Yandex, the largest Russian search engine, has updated its currency converter and added cryptocurrencies. The widget now displays the rates of these coins in a variety of fiat currencies, with plans to introduce crypto-to-crypto pairs in the future as well.

Yandex integrates leading cryptocurrencies into its currency converter

Users of Russia’s leading search engine, Yandex, can view information on over 140 most popular cryptocurrencies, as well as data for national currencies of various countries. The crypto rates have been added to the latest version of the currency converter, the company announced.

The widget, which features a price chart and a quick conversion tool, is placed directly above the search results, Russian news agency Rb.ru reported, citing Yandex. The software recognizes standard keywords and even slang or imprecise language in the query.

The value of the coins and symbols of interest can be displayed in Russian rubles, US dollars, euros and other fiat currencies. More pairs will be added in the future, as well as the ability to see the price of a given digital asset in another cryptocurrency.

Yandex sources market data from 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, dogecoin and solana have been the most popular cryptos by number of searches in 2022.

Global online platforms support similar functions, but access to some of them is limited for Russians. As noted by RBC Crypto, a feature that allows tracking cryptocurrency prices was launched by Twitter last December, but the social media platform is blocked in Russia.

A law “On Digital Financial Assets” entered into force in Russia in January 2021, but the government has not yet regulated transactions with decentralized cryptocurrencies such as bitcoin. According to statements from officials, this will happen in 2023.

A bill designed to legalize crypto mining was presented to the Russian parliament in November 2022. The legislation aims to regulate the exchange of the mined cryptocurrencies on trading platforms abroad or under special legal regimes in Russia.

Do you think Yandex will introduce more crypto-related features in the future? Tell us in the comments section below.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Eastern Europe who likes Hitchens’ quote: “To be a writer is what I am, rather than what I do.” Besides crypto, blockchain and fintech, international politics and economics are two other sources of inspiration.