Russia’s State Duma passed the country’s first comprehensive law regulating digital currencies on Tuesday, clearing its second and third readings in a single session, according to a report from TASS, the Russian state news agency.

The bill, submitted by the Russian government, now moves to the Federation Council and then to President Vladimir Putin for signature, with most provisions taking effect September 1.

The law establishes rules for crypto exchanges, digital depositories, brokers, management companies, trading organizers and clearing organizations, and sets conditions under which investors can buy cryptocurrency. Only organizations listed in a special registry will be permitted to operate as digital currency exchanges,…