Crypto: Yandex is on it in Russia

Russia’s best search engine has implemented dedicated consultation with various cryptoassets, after a lot of information was blocked for the country’s users.

Russia has long been subject to censorship by many international websites regarding crypto, and this creates a problem for local investors.

Yandex, Moscow’s leading search engine, has expanded its consultations regarding digital currencies by filling the gap due to censorship.

The crypto situation in Russia

Russia, which has always been unsure whether to consider crypto as an opportunity or a problem, has become clearer with the war in Ukraine.

Crypto-assets represent an opportunity as well as a necessity when the international community imposes vetoes and blockades.

The Russian people do not have access to all digital assets, and for a trader or just a thirst for knowledge this represents a problem.

In 2021, the Act on Digital Economic Resources saw the light of day, despite the fact that this is still not very comprehensive.

In particular, the transactions of dApps are still poorly regulated, as is Bitcoin insufficiently.

The draft law, which is already under discussion in the Duma, should finally see the light of day in 2023.

Meanwhile, before the end of last year, the bill on crypto mining and its use for commercial exchanges was passed.

Yandex, a modern Prometheus

Censorship does not allow Russian investors to have a clear view of financial instruments, and among them an important part is cryptocurrencies.

Yandex, the Google of Moscow, has filled the gap, and just as Prometheus gave fire to people, the search engine gives knowledge to traders.

The Kremlin’s largest search engine has implemented a number of digital currencies in the conversion function.

Not only the value of various cryptoassets, but also their exchange rates to major fiat currencies such as the dollar, yen, ruble, euro, etc.

The Russian site has crypto – fiat currency, but it will also add crypto-crypto pairs in the near future.

With the latest upgrade, users of the Yandex search engine will be able to document and track the performance of more than 140 of the most popular cryptoassets.

Both the value of digital currencies and their origin and functions will be searchable by the Russian people.

In addition to performances, description and prices, the website has added both candlestick charts and classic trends.

The update, which is most important for financial traders in the land of the tsar, appears just above the search engine bar.

The news was revealed in addition to the website itself by the Rb.ru news agency, which cited Yandex and described the new features in detail.

Yandex also has indexing and has the ability to search for keywords, technical jargon or queries even if they are imprecise.

The digital currencies that can be converted through the tool can be translated into Russian rubles, but also into major international currencies.

In addition to the currency and crypto pairs implemented to date, more will follow in the future according to the same website.

Yandex also makes it possible to check the value of large valuable goods or minerals.

The Russian search engine reported that it relies on data provided by CoinGecko, one of the most established crypto portals as explained by Rb.ru.

In 2022, Yandex recorded a boom in searches for some cryptoassets in particular, among them in the top five are the most popular.

The most searched cryptocurrencies with Yandex in 2022 were Bitcoin, Ethereum, Litecoin, Dogecoin and Solana, the data is for the most searched searches.

The problem is not the global adoption of the notions, the whole world now knows about cryptocurrencies and uses them.

However, the Russians are being punished regardless of the government’s acts of war by seeing important tools like Google censored.

RBC Crypto explained that Twitter itself, which is very careful about freedom of speech, has blacked out any information found by Russian users about certain cryptocurrencies.

For this reason, Yandex’s upgrade in timing and substance is a lifesaver for many Russian financial traders.