Russian President Vladimir Putin has signed a law that, for the first time, provides comprehensive regulation for the circulation of digital currencies and digital rights in Russia. The legislation governs the organization, accounting, and custody of digital currencies and foreign digital instruments. It also regulates cryptocurrency mining, the issuance and circulation of digital rights, and the activities of information system operators issuing digital financial assets (DFAs). Furthermore, the law sets standards for digital currency exchange providers, digital depositories, brokers, management companies, trade organizers, and clearing houses. Cryptocurrencies cannot be used to pay for goods and servicesThe law retains the ban on using digital currencies and digital rights as a means of payment or legal tender within Russia.