OREANDA-NEWS  The government Commission on legislative Activity has approved a bill regulating the circulation of cryptocurrencies in Russia, a source told RIA Novosti.

The bill is aimed at legalizing the activities of issuing digital assets and exchanging cryptocurrencies under state control, protecting investors' rights and ensuring compliance with currency legislation.

The project establishes the concepts of digital currency (as a means of payment and investment), digital financial assets, utilitarian digital rights and hybrid digital rights.