Russian President Vladimir Putin signed a law on August 4 that for the first time comprehensively regulates the circulation of digital currencies and digital rights in Russia, TASS reported, establishing licensing, custody and trading rules for the country’s cryptocurrency market.

The signing caps a build-out that has been underway for months: the Central Bank and Finance Ministry began drafting the bill in February, the Duma passed a first reading in April, and adoption was pushed back to September after a wave of amendments. The delay…