What is Singapore Fintech Hub's FATF status?

Singapore Fintech Hub is classified by FATF as: fsrb_only.

Are VASPs licensed in Singapore Fintech Hub?

Yes — licensing is required for VASPs.

What is the AML/KYC regime in Singapore Fintech Hub?

KYC is mandatory for crypto businesses.

Singapore Fintech Hub — Crypto Regulation 2026

Singapore maintains a crypto-friendly regulatory environment with clear frameworks such as the Payment Services Act 2019 governing digital payment token services.

Overview

Status	crypto_friendly
Risk Score	15/100 (Low Risk)
Region	southeast asia
Currency	SGD

Tax Information

Capital Gains (Personal)	0% (no CGT)
Capital Gains (Corporate)	17% CIT
VAT on Crypto	No
Staking Tax	No specific guidance
Airdrop Tax	No specific guidance

No crypto-specific tax guidance available.

Licensing & Registration

Required	Yes
Regulator	MAS
Framework	Payment Services Act 2019
Ease	medium

Licensing under the Payment Services Act requires compliance with AML/KYC and operational standards.

Enforcement Activity

Level: Low

No significant enforcement actions reported; jurisdiction actively encourages crypto business

AML / KYC

KYC Required	Yes
Travel Rule	Yes
FATF Member	No
FATF Status	fsrb_only
FATF Body	FATF
Suspicious-Activity Reporting	Yes

DeFi, Stablecoins & NFTs

Status: regulated

DeFi activities fall under existing regulatory frameworks requiring compliance with AML and licensing where applicable.

Stablecoins

Status: regulated

Stablecoins are regulated under the Payment Services Act with specific requirements for issuance and redemption to ensure consumer protection.

NFTs

Status: no_rules

No specific NFT regulation; generally permitted

Mining

Legal	Yes
Electricity Cost	$0.1/kWh
Renewable Energy	18%
Infrastructure	excellent

Singapore has high-quality data center infrastructure and reliable internet connectivity, making it suitable for crypto mining despite relatively higher electricity costs compared to regional peers.

Geopolitical Risk

Stability	very_stable
Sanctions	No
Corruption Index	85/100
Banking Access	open

Singapore offers a stable political environment, strong rule of law, and excellent business infrastructure, making it highly favorable for crypto businesses.