[Russian Government Committee Approves Ministry of Finance's Proposal to Tax Cryptocurrency Trading Income] According to Bits.media, the Russian government's legislative activities committee has approved the Ministry of Finance's proposal to tax cryptocurrency trading income. The document stipulates that transactions, including cryptocurrency exchanges, will be subject to personal income tax, with the cost accounting method using first-in, first-out (FIFO). The bill prohibits carrying forward cryptocurrency trading losses to future tax periods. Meanwhile, services provided by digital custodians and crypto exchanges, as well as certain foreign digital rights transactions without actual delivery, will be exempt from value-added tax (VAT). For debt-type digital financial assets such as tokenized bonds, the bill specifies a special tax calculation method and allows for loss carryforwards. Previously, the Russian Duma passed the government-submitted bill "On Digital Currency and Digital Rights" in its first reading. This bill will grant the Russian Central Bank the authority to approve exchanges and market access, as well as set limits on cryptocurrency purchases for citizens.