---
type: free_zone
domain: crypto-regulation
status: stable
tags: ["crypto-regulation", "southeast_asia", "fatf", "crypto_friendly"]
aliases: ["SG-FZ", "SGP-FZ", "Singapore Free Zone"]
created: 2026-04-13
updated: 2026-04-02
compile_into: ["[[country--singapore]]"]
sources:
  - name: "MAS"
    url: "https://www.mas.gov.sg"
    type: "official"
  - name: "[[concept--payment-services-act|Payment Services Act]] 2019"
    url: "https://www.mas.gov.sg"
    type: "framework"
---

# 🇸🇬 [[free-zone--singapore-fintech-hub|Singapore Fintech Hub]] (SG-FZ) — Crypto Regulation

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

## Overview

| Field | Value |
|-------|-------|
| Status | crypto_friendly |
| Sub-jurisdiction of | [[country--singapore|Singapore]] |
| Risk Score | 15/100 (Low Risk) |
| Enforcement Level | Low |
| Region | [[domain--asia-pacific|southeast asia]] |
| Currency | [[entity--sgd|SGD]] |

## Tax

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

No crypto-specific tax guidance available.

## Licensing

| Field | Value |
|-------|-------|
| Required | Yes |
| Regulator | [[entity--mas|MAS]] |
| Framework | Payment Services Act 2019 |
| Ease | medium |
| Cost | N/A |
| Timeline | N/A months |

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

## AML / KYC

| Field | Value |
|-------|-------|
| KYC Required | Yes |
| Travel Rule | Yes |
| [[concept--fatf|FATF]] Member | No |
| FATF Status | fsrb_only |

## DeFi

**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

| Field | Value |
|-------|-------|
| Legal | Yes |
| Electricity Cost | $0.1/kWh |
| Renewable Energy | 18% |
| Climate | tropical |
| 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.

## Geopolitics

| Field | Value |
|-------|-------|
| Stability | very_stable |
| Sanctions | No |
| Corruption Index | 85/100 |
| Ease of Business | very_easy |
| Internet Freedom | free |
| Banking Access | open |

## Enforcement

No significant enforcement actions reported; jurisdiction actively encourages crypto business

## CBDC Status: exploring

---

*Data source: [Soken Crypto Legal Map](https://soken.io/crypto-map/). Last reviewed: 2026-04-13.*

**Sources:**
- [MAS](https://www.mas.gov.sg)
- [Payment Services Act 2019](https://www.mas.gov.sg)