• Yandex, the largest Russian search engine, has updated its currency converter, adding cryptocurrencies.
• The widget now shows the rates of these coins in a number of fiat currencies and users can view information about over 140 most popular cryptocurrencies.
• A law „On Digital Financial Assets“ entered into force in Russia in January, 2021 but the government is yet to properly regulate transactions with decentralized cryptocurrencies like bitcoin.
Yandex Integrates Cryptocurrencies Into Currency Converter
Yandex, the largest Russian search engine, has updated its currency converter to include cryptocurrencies. This widget now shows rates for these coins in a number of fiat currencies and users can view information about over 140 most popular cryptocurrencies.
Crypto-to-Fiat Pairs
The software recognizes standard keywords and even slang or imprecise language when entering a query. The value of the coins and tokens of interest can be displayed in Russian rubles, U.S. dollars, euros, and other fiat currencies. More pairs will be added in the future as well as crypto-to-crypto pairs so users can track one cryptocurrency’s rate against another’s rate. Yandex sources market data from Coingecko which is one of the largest aggregation portals in the crypto space.
Popular Cryptos By Number Of Queries In 2022
According to Yandex’s own statistics, bitcoin, ethereum, litecoin, dogecoin, and solana have been the most popular cryptos by number of search queries this year (2022). Global online platforms also support similar functions but access to some has been restricted for Russians such as Twitter’s feature allowing tracking cryptocurrency prices which was launched last December but blocked in Russia soon after due to its ban on certain websites within their country borders.
Regulation To Come In 2023
A law „On Digital Financial Assets“ entered into force back in January 2021 but there are still no regulations for transactions with decentralized cryptocurrencies like bitcoin yet though this should happen by 2023 according to officials‘ statements regarding digital asset regulation plans within Russia’s borders. There is also a bill designed to legalize crypto mining that was submitted last November 2022 which aims to regulate exchange of said mined cryptocurrencies on trading platforms abroad or under special legal regimes done within Russia only .
Conclusion
The addition of cryptocurrency values into Yandex’s currency converter provides its users with an easier way to view their favorite cryptos‘ rates against various national currencies as well as other digital assets themselves if they choose to use it for that purpose too once available options are added later on down the line making it easier for them to make informed decisions regarding investing/spending time within this relatively new sector everyone should definitely keep an eye out for any changes coming soon!