Singapore maintains a crypto-friendly regulatory environment with clear frameworks such as the Payment Services Act (PSA) governing digital payment token services.
| Status | crypto_friendly |
| Risk Score | 12/100 (Low Risk) |
| Region | asia pacific |
| Currency | SGD |
| Adoption Rank | #8 |
| Capital Gains (Personal) | 0% (no capital gains tax) |
| Capital Gains (Corporate) | 0% on capital gains; trading income taxed at 17% corporate rate if crypto is revenue in nature |
| VAT on Crypto | No |
| Staking Tax | Staking rewards may be taxed as income if received in the course of a trade |
| Airdrop Tax | Generally not taxed unless received as part of a trade or business |
Singapore does not levy capital gains tax. Crypto gains from long-term investment are tax-free for individuals. However, if IRAS determines the activity constitutes a trade, profits are subject to income tax. GST on crypto transactions was removed in 2020.
| Required | Yes |
| Regulator | MAS |
| Framework | Payment Services Act (PSA) |
| Ease | medium |
| Cost | $50,000 - $250,000 |
Licensing under the PSA requires compliance with AML/KYC and other regulatory standards.
Status: regulated
DeFi activities fall under existing regulatory frameworks, requiring compliance with AML and licensing rules where applicable.
Status: regulated
Stablecoins are regulated under the PSA, requiring issuers to comply with licensing and AML requirements.
Status: Unclear
NFTs are not specifically regulated unless they constitute a digital payment token or a capital markets product under the Securities and Futures Act. MAS assesses NFTs on a case-by-case basis.
| Legal | Yes |
| Electricity | $0.148/kWh |
| Renewable | 3% |
| Infrastructure | excellent |
Mining is legal but limited by high electricity costs and low renewable energy penetration. Infrastructure is excellent with strong data center and internet facilities.
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Banking Access | open |
Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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